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Prepare your pocket and your wallet: VAT of (at least) 30% is coming

The Brazilian taxpayer is, above all, a strong one. The new tax on added value, which will be divided into the CBS (under federal authority) and the IBS (under state and municipal authority), should…

  • Brazil to face 30% or higher VAT, highest in the world
  • New IBS tax to replace ICMS and ISS, starts in 2028
  • IVA could reach 34.2% if IBS exceeds expectations

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