Our attorney Marcos Antonio Campanatti was appointed by Senator Efraim Filho to be a part of the Tax Reform Working Group established within the scope of the Senate Federal Affairs Committee to further analyze Constitutional Amendment Proposal No. 45/2019. This proposal suggests a profound change in the Brazilian consumption-based tax system by replacing PIS, COFINS, IPI, ICMS, and ISS with a Federal Goods and Services Contribution and a Goods and Services Tax, with shared jurisdiction among States, the Federal District, and Municipalities.
The Working Group’s objective is to propose improvements to the text approved by the Chamber of Deputies in order to make the Brazilian tax system more straightforward, transparent, and fair.