Draft Bill for Introduction of Digital Services Tax Submitted in Brazilian Parliament
On 4 May 2020, draft Bill no. 2358/2020 was submitted in Brazil's Chamber of Deputies, which provides for the introduction of digital services tax, the "contribution for intervention in the economic domain on gross revenue of digital services provided by large technology companies (CIDE-Digital)". The key points of the bill are summarized as follows:
- CIDE-Digital would be levied on revenue fr…