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Perspectives for the future of tax reform and the next legislative steps

In the final days of 2023, the long-awaited tax reform was enacted. The new legislation aims to restructure the tax system, seeking simplification, equity, and stimulating economic growth. The approval of the reform brought about a series of changes in taxes and fiscal policies, directly impacting businesses, consumers, and the market as a whole.

Accounting for foreign companies and multinationals operating in Brazil

That our fiscal and accounting scenario is complex and full of intricacies, Brazilian companies are tired of knowing. Now, for foreign and multinational companies operating in Brazil, the difficulties seem to be even greater. The bureaucratic obligations are many for those who want to install their business in the country, whether it is industry or commerce of goods or services.

Problems with the tax authorities and tax assessment

Tax assessment is undoubtedly one of the most important activities for the success of a business. As well as being a legal obligation, it contributes to maintaining the company's financial health, thus ensuring its compliance with tax laws and the full operation of its activities.

Tax reform: what changes are expected?

The need for tax reform has been debated for at least three decades in Brazil, but the issue finally seems to be coming to an end. On July 7, 2023, the Chamber of Deputies approved Proposed Amendment to the Constitution (PEC) 45/2019, which addresses the subject. It now moves on to the Senate.