Brazil approves supplementary law, taking a big step toward Brazilian tax reform

30 December 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Treaties|Brazil

Congress has approved a supplementary law regulating Brazilian tax reform.
Passage of the new law brings the country closer to introducing a tax on goods and services and contribution on goods and services.
This Alert highlights these changes and their implications for businesses.

After many months of discussion in the upper and lower houses of Congress, one of the supplementary laws that regulates new taxes under the Brazilian tax reform was approved on 17 December 2024. The new law paves th…

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