Tax Clipping | Stay Up to Date with the Highlights

The past week brought new relevant developments in the implementation agenda of the Tax Reform, as well as judicial and administrative decisions with a direct impact on the structuring of new taxes, tax settlements, and ancillary obligations.

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

Tax Reform
– The Chamber of Deputies acknowledged the possibility of establishing Selective Tax rates through a provisional measure or an urgent bill.
– A proposed Constitutional Amendment seeks to bring forward the effective date of the IBS to 2027.
– The IBS regulation provides for the initial implementation of the split payment mechanism through Pix and bank payment slips.

Tax Settlements
– The Federal Regional Court of the 3rd Region (TRF-3) set aside restrictions imposed by the Federal Court of Accounts (TCU) and reinforced the use of tax loss carryforwards and negative tax bases in debt negotiations.

Tax Updates
– The Brazilian Federal Revenue Service launched a series of live broadcasts on the 2026 Individual Income Tax Return (IRPF) to provide guidance to taxpayers.
– The filing period for the 2026 IRPF runs from March 23 to May 29, with expanded availability of the pre-filled tax return.
– The Supreme Federal Court (STF) upheld São Paulo’s rules targeting habitual ICMS tax debtors.
– The Brazilian Federal Revenue Service acknowledged the incidence of Income Tax on earnings from VGBL plans upon the death of the policyholder.

Access the full edition for more information.