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2 results for “EC 132/2023”

Sector-Specific Tax Breaks Complicate Brazil’s VAT Reform Promise of Simplicity
Politics• 3h ago

Sector-Specific Tax Breaks Complicate Brazil’s VAT Reform Promise of Simplicity

Less than a year after passing its landmark tax reform, Brazil's Congress has introduced new sector-specific exemptions, notably for data centers, raising concerns that the country is retreating toward its old 'fiscal war' tax system.

Brazil’s Landmark Dual-VAT Reform Begins to Reshape Business Environment
Investing• Sep 17

Brazil’s Landmark Dual-VAT Reform Begins to Reshape Business Environment

Brazil is implementing a dual-Value-Added Tax (VAT) system to replace five consumption taxes, aiming to simplify one of the world's most complex tax regimes and boost long-term competitiveness.