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Brazil Enacts Complementary Law for State Value Added Tax (ICMS) on Interstate Transactions with Effective Date Controversy

|Approved Changes|Brazil
Brazil

Brazil has published Complementary Law No. 190 of 4 January 2022 in the Official Gazette, which amends the rules regarding the collection of state value added tax (ICMS) on interstate transactions with final consumers. Back in 2015, it was agreed that the state of the supplier will charge an interstate ICMS rate of 7% or 12% depending on the state, and the state of the final consumer (the destination state) will charge the difference between the interstate rate and the internal rate of that …

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