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My Business Brazil

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Brazil’s sweeping overhaul of indirect taxes is taking shape. The country’s new dual VAT structure aims to eliminate long-standing inefficiencies and bring Brazil closer to global standards. For directors, finance teams, and tax specialists, the move from PIS, COFINS, ICMS, and ISS to CBS and IBS marks a new era, with profound effects on the calculation and distribution of pr...


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Brazil’s sweeping overhaul of indirect taxes is taking shape. The country’s new dual VAT structure aims to eliminate long-standing inefficiencies and bring Brazil closer to global standards. For directors, finance teams, and tax specialists, the move from PIS, COFINS, ICMS, and ISS to CBS and IBS marks a new era, with profound effects on the calculation and distribution of pr...


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Introduction: Navigating Brazil’s Accounting Landscape

In 2023, the overall “Brazil Cost” (Custo Brasil) of bureaucracy, taxes, and inefficiencies was estimated around R$1.7 trillion, nearly 20% of GDP. This underscores why Brazil’s regulatory and tax environment is considered one of the


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Brazil has updated its minimum tax rules for multinationals under OECD Pillar Two. In October 2025 Brazil’s Federal Revenue (Receita Federal) issued a new Normative Instruction (IN RFB 2282/2025) that incorporates the OECD’s latest Global Anti-Base Erosion (GloBE) guidance. These rules establish a 15% global minimum effective tax rate on profits for large cor...


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