author_pagero
Pagero

Share This Article

Brazil simplifies tax obligations with new legislation

25 September 2023
Brazil

The new Complementary Law Number 199 from 1 August 2023 has been introduced to reduce bureaucracy, unify electronic tax documents' issuance, and standardize legislation and systems to fulfil supplementary obligations. Tax administrations from the three spheres of government (Union, States, Municipalities and the Federal District) will be able to share tax and registration data whenever necessary to decrease extra obligations and increase inspection efficiency.   Which challenges is the National Statute aimed at? Currently, e-invoice formats vary widely across the country, raising business maintenance costs and impacting company budgets. The new statute incorporates guidelines for issuing electronic invoices and achieving...