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Brazilian Federal Supreme Court Ministers Find Downloaded Software May Not be Subject to State Value Added Tax (ICMS)

|Approved Changes|Brazil
Brazil

According to recent reports, a plenary session of the Brazilian Federal Supreme Court was held in November 2020, during which a majority decision was effectively reached concerning the levy of municipal services tax (ISS) or state value added tax (ICMS) on downloaded software. The issue of taxing downloaded software stems from an ICMS Agreement published in September 2017 that set out the rules…

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