Tax Clipping | Stay Up to Date with the Highlights

The tax landscape continues to evolve, with developments in the implementation of the Tax Reform and regulatory changes that directly impact tax transparency, the conduct of tax settlements, and the utilization of tax credits.

In this edition, we have gathered the key points requiring strategic attention:

Tax Reform
– The Senate Economic Affairs Committee (CAE) approved a bill aimed at increasing tax transparency in invoices, providing for the progressive disclosure of the tax burden throughout the transition to the new system.
– A bill establishing the rates of the Selective Tax is expected to be submitted to Congress by the end of April.

Tax Settlements
– The Office of the Attorney-General of the National Treasury (PGFN) is reducing the prominence of tax settlements in 2026, in light of inquiries by the Federal Court of Accounts (TCU) and the electoral context, prioritizing the completion of negotiations already underway.

Tax Updates
– The Brazilian Federal Revenue Service redefined the CSLL rates applicable to financial institutions, effective as of April 2026.
– The Brazilian Federal Revenue Service brought forward the release of the 2026 Individual Income Tax Return (IRPF) filing program. The filing period runs from March 23 to May 29.
– A new normative instruction restricts the circumstances in which tax offsets may be claimed and establishes limits on tax credits recognized through judicial decisions.
– The Supreme Federal Court (STF) resumed the judgment concerning the ITBI exemption applicable to contributions of assets to share capital, with a provisional majority ruling in favor of taxpayers.

Access the full edition for more information.