Tax reform may impact prices and business models

Water bills and car rentals, transactions that today are beyond the scope of the State Tax on Goods and Services (ICMS), the heaviest consumption tax within the current tax system, will be affected by the new Value Added Tax (IVA) introduced by the tax reform.

 

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This newsletter provides information about legal developments in Brazil to clients and members of Cescon, Barrieu, Flesch & Barreto Advogados. The content included herein is not meant to provide legal advice with respect to any specific matter. We do not undertake to update, supplement or modify the information contained herein.

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