Our partner Camila Abrunhosa Tapias gave two interviews to Valor Econômico and one to BM&C News about the approval by the Chamber of Deputies of the main bill regulating the new tax system on consumption (PLP 68/2024), which took place yesterday (10/7).
The version of the text inserted a lock on the Value Added Tax (VAT) rate of 26.5%, included medicines in the list of products with reduced tax, expanded items in the national basic food basket and cashback on water, electricity and sewage bills.
In Camila’s view, there is no way to guarantee compliance with the 26.5% ceiling for the standard rate of the new Value Added Tax (VAT), nor how to ensure that it is not exceeded, but amending a complementary law is more complex.
She also highlighted the provision, which was already in the previous version of the text, that any change in federal legislation that reduces or increases the collection of CBS or IBS must be offset by the Federal Senate raising or reducing the CBS reference rate and the state and municipal IBS reference rates, in order to preserve the collection of the federal spheres.
