Our team is ready to guide your company through the new taxes introduced by the Tax Reform and their impacts on business. With a team dedicated exclusively to this topic, we offer fast, reliable, and personalized answers to all your questions.
Enacted in December 2023, the Reform aims to simplify Brazilian consumption taxation, reduce costs and complexity, and increase transparency and legal certainty in the Brazilian tax system. In its first phase, it adopts a dual Value Added Tax (VAT), composed of:
• Tax on Goods and Services (IBS): replaces the Tax on the Circulation of Goods and Services (ICMS) and the Tax on Services (ISS).
• Contribution on Goods and Services (CBS): replaces contributions to the Social Integration Program (PIS) and the Social Security Financing Contribution (COFINS).
• Selective Tax (IS): levied on products that are harmful to health and the environment.
This new system, fully non-cumulative and aligned with international standards, will be implemented gradually. Take advantage of this window of opportunity to understand the reform, anticipate impacts, and ensure the competitiveness of your company.
Tax and Financial Impacts of the Reform
The reform will significantly affect the lives of companies of all sectors and sizes. Sector-specific impacts are still under discussion, and many aspects depend on forthcoming regulations, including a temporary coexistence of two tax regimes, in the initial phase of implementation, which may generate several challenges.
Our specialized advisory is essential for guiding clients through these changes, particularly in highly affected sectors, where we have extensive expertise. We provide strategic solutions to anticipate impacts, ensure compliance, and maximize competitiveness.
In-Company advisory and consultancy
The reform will impact all companies, but each sector will face unique challenges. Strategic preparation is essential for a smooth and secure transition.
Our in-company advisory and consultancy programs are designed to meet the specific needs of each organization, demystifying the Tax Reform for all affected departments.
Business Restructuring in the Face of New Taxes
The Tax Reform aims to simplify the tax system, but the transition can be complex. Companies that adopt a strategic approach, analyzing their operations on a holistic basis, can gain a competitive advantage.
We offer specialized advisory services to help clients review operations, plan necessary adjustments to comply with new legislation, and optimize ancillary obligations. Our solutions ensure compliance, mitigate risks, and maximize tax efficiency, allowing your company to adapt safely and competitively.
A Practical Guide to the Tax Reform
Our guide outlines the key rules, features, and controversies of the new tax regime. It is regularly updated and available for download here.
