On June 05, 2024, the Executive Branch submitted Supplementary Bill No. 108/2024 to the National Congress to regulate Constitutional Amendment No. 132/2023 (“EC”), which approved the tax reform on consumption.
This bill aims to regulate the establishment and structure of the IBS Management Committee, IBS administrative litigation, the distribution of IBS collection proceeds, and provisions relating to the transition from ICMS to IBS. It also provides for changes to the National Tax Code, detailing the levying of ITCMD, ITBI, and COSIP.
This e-book provides a detailed analysis of these aspects, and an in-depth analysis of the proposed changes and their implications.
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