【环球财经】巴西参议院通过税改第二部分细则

Core Points - The Brazilian Senate passed the second part of the tax reform package on September 30, which includes the operational rules and governance structure for new taxes [1] - The reform introduces the Goods and Services Tax (IBS) and the Goods and Services Contribution Tax (CBS), with IBS set to gradually replace the current state-level circulation tax (ICMS) and municipal service tax (ISS) [1][2] - A new IBS management committee will oversee the collection and distribution of taxes, ensuring equitable revenue sharing between states and municipalities [1] Summary by Sections Tax Implementation Details - The IBS reference tax rate will be calculated based on ICMS and ISS revenues from 2024 to 2026 [1] - The transition to IBS will occur gradually from 2029 to 2032, with full implementation expected by 2033 [1] Additional Provisions - Companies will be allowed to continue using accumulated tax credits from ICMS for offsetting IBS or transferring to others after ICMS is abolished [2] - The tax exemption limit for disabled individuals purchasing vehicles will increase from 70,000 to 100,000 Brazilian Reais [2] - Private pension inheritances will no longer be subject to inheritance and gift taxes [2] Financial Support and Coordination - The federal government will provide financial support to the IBS management committee totaling up to 3.8 billion Reais from 2025 to 2028 [2] - A national tax dispute coordination committee will be established to unify administrative and judicial interpretations of IBS and CBS [1][2] - An "automatic split payment" mechanism will be introduced to reduce tax evasion risks by allocating tax payments directly to government accounts at the time of transaction [1]