News and Business
Brazilian tax reform: Working Group releases preliminary text for congressional review
The text covers a number of widely debated principles, leaves many aspects for consideration by complementary law, and contains points taxpayers should be aware of
Subjects
In the wake of a symbolic meeting between House of Representatives Speaker Arthur Lira (Progressistas/Alagoas) and the governors of Brazil’s 26 states held on June 22, 2023, the rapporteur of a bill concerning Brazil’s long-awaited tax reform – Aguinaldo Ribeiro (Progressistas/Paraíba) – released a preliminary version of the text that the House will review in a plenary session during the first week of July.
Ribeiro emphasized that the preliminary text has been published to allow for potential improvements to how it is worded. Given that political negotiations are still ongoing in Congress, there is a chance the document will be subject to further changes before it is voted on in the House of Representatives.
The principal topics in the preliminary text are highlighted below:
Please click here to view an infographic covering the key aspects of the preliminary text.
For further information on tax-related measures and new legislative developments, please contact Mattos Filho’s Tax and Government Relations practice areas.
* With the collaboration of Cleber dos Reis Guimarães.
