Tax Clipping | Stay Up to Date with the Highlights

The latest edition of the BVZ Tax Newsletter brings together key updates on the regulation of the Tax Reform, new developments regarding installment payment and tax settlement programs, as well as administrative and judicial decisions with a direct impact on companies and taxpayers:

Tax Reform
– The IBS Regulation Working Committee has received and reviewed 847 proposals to improve the draft regulation.
– A simplified tax regime for self-employed professionals is advancing in the Federal Senate, with a proposal to create the Microempreendedor Profissional (Professional Microentrepreneur).
– The testing environment for IBS and CBS fields is now in effect for transportation documents, electricity invoices, and related tax documents.

Tax Settlement
– The deadline to join the Exceptional Installment Program for Municipal Social Security Debts ends on August 31.

Tax Updates
– The Superior Court of Justice (STJ) reaffirmed the Brazilian Federal Revenue Service’s understanding regarding the taxation of fuels under the single-phase PIS/Cofins regime.
– A Chamber of Deputies committee approved a bill limiting the Motor Vehicle Property Tax (IPVA) to 1% of the vehicle’s value.
– The Federal Supreme Court (STF) will decide on the entitlement to ICMS tax credits related to the acquisition of intermediate goods used in the manufacturing process.
– The Federal Court recognized that presumed ICMS tax credits should not be included in the calculation basis of Corporate Income Tax (IRPJ) and the Social Contribution on Net Profit (CSLL) for periods prior to Law No. 14,789/2023.

Access the full edition for more information.