Tax Clipping | Stay Up to Date with the Highlights

In this edition of the BVZ Tax Clipping, we bring together updates on the implementation of the Tax Reform, tax debt negotiations and recent decisions involving federal, state and municipal taxes.

Check out the highlights of this edition:

Tax Reform
– Companies under the Simples Nacional regime have until October 30 to opt for separate payment of IBS and CBS in 2027.
– The Brazilian Federal Revenue Service and CGIBS define the use of ReOps to facilitate the issuance of invoices by digital platforms.
– The government is considering a Proposed Constitutional Amendment (PEC) to maintain IPI collection until the Selective Tax comes into force.

Tax Settlement
– The Legislative Assembly of the State of Rio de Janeiro (Alerj) approves a bill providing for sanctions against habitual tax debtors and the negotiation of state tax debts with discounts of up to 70%.

Tax Updates
– The Brazilian Supreme Federal Court (STF) concludes its judgment and recognises the ITBI tax exemption for the contribution of real estate to the share capital of real estate companies.
– The STF rules to exclude ISS from the PIS and Cofins tax bases.
– The Brazilian Federal Revenue Service determines that the discount on the acquisition of ICMS tax credits must be taxed at the time of purchase.
– The Brazilian Superior Court of Justice (STJ) upholds the exclusion of properties subject to environmental restrictions from IPTU taxation.
– The Administrative Council of Tax Appeals (Carf) approves a summary on the application of 35% withholding income tax (IRRF) to payments without a substantiated cause.
– The STJ maintains the inclusion of ICMS in the PIS and Cofins tax bases under the regime of specific rates based on fuel volume.

Access the full edition for more information.