Brazil Tax Reform Schedule Stays Despite Industry Pressure
The tax chief pushes for immediate implementation while companies seek a delay until 2028 due to technical concerns.
Federal Revenue Secretary Robinson Barreirinhas has reaffirmed the need to stick to the official tax reform calendar. The government rejects delaying the changes, arguing that postponing the transition only extends the structural problems of the current system.
Industrial sector entities have issued a manifesto requesting that the collection of new taxes only begin in 2028. The group argues that the current testing period is insufficient to ensure the stability of corporate operations.
The productive sector points to flaws in digital platforms and a lack of clarity regarding the final rate for the Contribution on Goods and Services. The absence of certainty over the calculation of debits and credits worries companies planning their activities for the coming years.
In parallel, the Consensus Revenue program seeks to reduce litigation through direct dialogue between tax authorities and selected taxpayers. The initiative allows for binding agreements on the tax treatment of planned or completed operations.
Uncertainty regarding the tax burden and the implementation schedule may increase volatility for the Ibovespa and affect investment expectations for Brazilian companies.
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