Post by account_disabled on Mar 12, 2024 4:02:57 GMT
The owner of the spotlight and major protagonist of was tax reform. The discussion about a new system is not new on the national legislative and judicial stage but it was this year that the consumption reform gained more strength. The proposed amendment to Constitution No. was designed with the aim of simplifying the national tax system which today demands intense effort not only from companies that need to correctly measure declare and pay taxes but also from professionals service providers.
The proposal was initially approved by the Chamber of Deputies in July this year. In the Senate the text underwent changes and there was much debate about the need for a more detailed study of the concrete effects of the provisions raised. Despite this the PEC was also accepted by the Senate in November.
The reform project on the agenda it should be noted is intended only for regulating consumption — that is it represents “part” of the integral reform — also including new features regarding the Phone Number Data collection of IPVA IPTU and ITCMD. The intention is to unify the chain of taxes levied on goods and services and simplify the system.
Thus we will have the so-called. In this context two taxes on consumption will be created — based on the unification of existing taxes and contributions: IBS Tax on Goods and Services. The first arises from the unification of ICMS and ISS which will be administered by the Management Committee — made up of representatives from States Municipalities and the DF. The second in another way arises from the incorporation of IPI PIS and Cofinse and will be the responsibility of the Union.
In the Senate a maximum rate was proposed relative to the sum of IBS and CBS estimated at. For some sectors the project creates different regimes relating to taxation rules — with rates reduced by or such as for basic food baskets hygiene products among others. The Senate also created an intermediate regime for reducing taxes by for some professions as long as they are subject to supervision by a professional council.
Furthermore there is the creation of a selective tax with the aim of discouraging the consumption of goods and services considered harmful to health and the environment. Regarding IPTU specifically the text allows mayors to update by decree their calculation base without prior analysis by the Municipal Legislature.
The proposal was initially approved by the Chamber of Deputies in July this year. In the Senate the text underwent changes and there was much debate about the need for a more detailed study of the concrete effects of the provisions raised. Despite this the PEC was also accepted by the Senate in November.
The reform project on the agenda it should be noted is intended only for regulating consumption — that is it represents “part” of the integral reform — also including new features regarding the Phone Number Data collection of IPVA IPTU and ITCMD. The intention is to unify the chain of taxes levied on goods and services and simplify the system.
Thus we will have the so-called. In this context two taxes on consumption will be created — based on the unification of existing taxes and contributions: IBS Tax on Goods and Services. The first arises from the unification of ICMS and ISS which will be administered by the Management Committee — made up of representatives from States Municipalities and the DF. The second in another way arises from the incorporation of IPI PIS and Cofinse and will be the responsibility of the Union.
In the Senate a maximum rate was proposed relative to the sum of IBS and CBS estimated at. For some sectors the project creates different regimes relating to taxation rules — with rates reduced by or such as for basic food baskets hygiene products among others. The Senate also created an intermediate regime for reducing taxes by for some professions as long as they are subject to supervision by a professional council.
Furthermore there is the creation of a selective tax with the aim of discouraging the consumption of goods and services considered harmful to health and the environment. Regarding IPTU specifically the text allows mayors to update by decree their calculation base without prior analysis by the Municipal Legislature.