TAX REFORM
Brazil’s consumption tax reform imposes major technological shifts
The consumption tax reform is a landmark for Brazil, but there’s a long way to go before the changes become operational. Image: Accogliente Design/Shutterstock
In late 2023, Brazil’s Congress approved the skeleton of a landmark reform of its consumption tax framework, progress celebrated as the culmination of decades of discussions and legislative back-and-forth. It was also clear that approval was only the first leg of a long journey toward implementation, only expected to be completed in 2033.
Brazil took another step on that road this Tuesday, with the launch of a pilot program for the technological infrastructure that will be used by the Federal Revenue Service in the new tax system…
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