Expected Tax Changes In Brazil For 2023
Effective the end of each year, the Federal State, and Municipal governments publish changes to indirect taxes. Its expected that most of these changes start to take effect during Q1 of 2023. Therefore, Brazilian taxpayers need to be aware, as some of these amendments may require adjustments to a companies’ tax compliance, calculation, and payment procedures.
Below are the main changes to note for 2023 that could intensify a company’s indirect tax burden.
- PIS e COFINS
- I – Rules Consolidation
- II – Oil and Gas
- I – Increasing of the Standard Rate
- II – Essential and indispensable services
- Tax Documents