The Chamber of Deputies approved, on Monday night (15), the basic text regulating points of the tax reform. The text details how the Public Authorities will charge and decide on disputes regarding the future Tax on Goods and Services (IBS), a tax that will unify the current ICMS (state) and ISS (municipal).
The complementary bill left the Senate, where it was approved in September. The rapporteur, deputy Mauro Benevides Filho (PDT-CE), accepted most of the text approved by the senators. The highlights that could change points in the text will be voted on this Tuesday afternoon (16).
The text also establishes procedures for the creation and operation of the Goods and Services Tax Management Committee (CGIBS). CGIBS will be responsible for managing the new tax, IBS. The management committee will bring together representatives from all federated entities to coordinate the collection, inspection, collection and distribution of this tax; develop the methodology and calculation of the rate, among other duties.
Voting took place almost at dawn. The president of the Chamber, Hugo Motta, stated that the project should make Brazil more efficient by simplifying tax collection.
“We will be able to have our new tax system come into force from January onwards. I hope it will bring less bureaucracy, more agility, less cost so that tax-paying citizens can better understand the Brazilian tax system. In simple terms, bringing models that have worked internationally and which, without a doubt, will help a lot so that Brazil can, in the end, be a more efficient country, with a tax system that works”.
This is the second text being processed in Congress with the aim of regulating points of tax reform. The reform was approved at the end of 2023 and the first regulation it was sanctioned earlier this year by President Luiz Inácio Lula da Silva. This text dealt with the rules governing the incidence of Value Added Tax (Dual VAT), which is subdivided into two basic taxes on consumption: the Contribution on Goods and Services (CBS), collected at federal level, and the Tax on Goods and Services (IBS).
* with information from Agência Câmara de Notícias
