Taxation: changes on taxes in Brazil

Brazil´s President Michel Temer continues to push the Fiscal Reform in Brazil, which according to Doing Business report 2016, accounts for more than 60 different taxes and a company spends, in average, 2.600 hours to pay them (in contrast with the Latin American and Caribbean average of 503 hours). The new tax model would, in the long-run, replace 7 federal taxes (IPI, IOF, CSLL, PIS, Pasep, Cofins and Education-Salary), the State Tax on Goods and Services (ICMS) and the Municipal Tax on Services (ISS) with 3 taxes (“Value-Added Tax”, the “Selective Tax” and the “ Social Contribution on Operations and Financial Transactions”). Although the President is ambitious to carry out reforms even in 2017, the changes and improvements are already taking place in a steady manner and are more likely to be a slow and complicated process.

 

Next events

PREVENMATOGROSSO 3rd Occupational Health and Safety Fair of Mato Grosso

Product and/or Service Lines: products, equipment, services, technology, occupational health and saf ...

Read More

CEMCA 79 & EFICA 96 SPRING-SUMMER -PRIMAVERA VERANO

Fair of Leather goods, leather clothes and footwear

Read More

BELEZA DO BEM 10th Beauty Fair

Product and/or Service Lines: cosmetics, perfumes, make-up, hair, aesthetics and nails. With approxi ...

Read More

Do you want to invest or export in Latin America?

The Ask the Expert service puts your company in direct contact with an Expert in market access requirements. The Expert will answer you in maximum 5 working days, free of charge.

Ask Our Expert