Brazil’s PLP 108/2024 puts its new dual VAT system into operation, introducing a federal CBS (8.8%) and a state-municipal IBS (17.7%) to replace PIS, COFINS, ICMS and ISS between 2026 and 2033, alongside a new Selective Tax on products like alcohol and tobacco. The law creates a national IBS authority, sets detailed technical and sector rules, and provides transition, anti-evasion and social measu... Read more

Brazil is introducing a split payment VAT system under which VAT is automatically withheld at the time of electronic payment and transferred directly to tax authorities, aiming to reduce fraud, delays, and cash-flow manipulation. Built on Brazil’s advanced e-invoicing and banking infrastructure, the reform enables real-time VAT settlement and crediting only after payment, potentially setting a glo... Read more

Brazil’s Tax Reform 2026–2032 introduces a phased replacement of multiple indirect taxes with a dual VAT system (CBS at the federal level and IBS at the state and municipal levels), aiming to simplify taxation and eliminate cascading effects. The reform includes gradual implementation, transitional coexistence of old and new taxes, and major impacts on invoicing, compliance, and fiscal reporting s... Read more

The State Finance Secretariat of Minas Gerais (SEF/MG) has issued Ordinance SRE No. 277, requiring software companies whose systems are used by fuel retailers to be officially accredited when issuing NF-e and NFC-e, with obligations applying from 2 February 2026. From that date, fuel retailers in Minas Gerais must ensure their accredited software providers include mandatory Group ZD (Technical Man... Read more

Starting January 5, 2026, digital fiscal receipts (NFC-e) can only be issued to individual consumers, not companies. Sales to companies must use e-Invoices (NF-e). This change will enhance tax control and consumer documentation. A Simplified DANFE for e-Invoices will facilitate retail operations. Businesses must adapt systems and train staff to comply with these new regulations. From January 5, 20... Read more

The Fiscal Regulation (SINIEF Adjustment 49/2025), published on December 9, 2025, standardizes tax document issuance for advance payments, inventory losses, invoice corrections, and failed deliveries. Read more