Tax substitution of Tax on Goods and Services (IBS) and Contribution on Goods and Services (CBS) and the Constitution

17 December 2024

The approval of supplementary law bill (PLP) 68/2024 by the Senate on December 12 marked another key step toward simplifying Brazil’s indirect tax system. Although the transition from 2026 to 2032 adds complexity in the short and medium term due to the coexistence of two tax regimes, expectations are for a simpler system once the transition ends on January 1, 2033.

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Tax substitution of Tax on Goods and Services (IBS) and Contribution on Goods and Services (CBS) and the Constitution

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