Summary Reforma Tributária deve demorar dez anos para se completar - 07/07/2023 - Mercado - Folha www1.folha.uol.com.br
2,800 words - html page - View html page
One Line
Brazil's tax reform, which aims to unify the consumption tax and is required for joining the OECD, is expected to take ten years due to the complexity of the tax system and the need for extensive discussions and negotiations among stakeholders.
Slides
Slide Presentation (7 slides)
Key Points
- The approved text of the Tax Reform in Brazil includes a transition period of ten years between the current tax system and the new one.
- The new tax system will be dual, with a portion of the tax rate administered by the federal government and another portion by states and municipalities.
- The implementation of the new taxes will begin in 2026, with a test rate for the federal portion and the state and municipal portion.
- PIS and Cofins will be completely replaced by the new tax rate in 2027, and the transition of state and municipal taxes will be gradual and end in 2033.
- The final tax rates for each tax will be detailed later in a complementary law.
Summaries
46 word summary
Brazil's tax reform is projected to take ten years to complete. The complexity of the tax system and the need for extensive discussions and negotiations among stakeholders contribute to the lengthy timeline. The reform aims to unify the consumption tax, a requirement for joining the OECD
171 word summary
The reforma tributária (tax reform) in Brazil is expected to take ten years to complete, according to a recent report. The lengthy timeline is due to the complexity of the tax system and the need for extensive discussions and negotiations among various stakeholders
The approved text of the Tax Reform in Brazil states that the transition from the current tax system to the new one will take ten years. The new system will merge federal taxes (PIS, Cofins, IPI), state tax (ICMS
The Brazilian tax reform is expected to take ten years to complete, according to an article published by Folha. The reform aims to unify the consumption tax, a system adopted by 174 countries and a prerequisite for joining the OECD. The implementation of this
The approved text in the Chamber of Deputies predicts a transition period of ten years for the completion of the Tax Reform. Analysts believe that the reform could reinforce the downward movement of interest rates and lead to a 12% growth in the economy over