Brazil has published Complementary Law No. 214 of 16 January 2025 in the Official Gazette, which regulates the country's indirect tax reform. As previously reported, Brazil enacted amendments at the end of 2024 that allow for the reform of the indirect tax system, including the replacement of three federal taxes (PIS, COFINS, and IPI), one state tax (ICMS), and one municipal tax (ISS) with two new taxes:
- the contribution on goods and services (Contribuição sobre Bens e Serviços - CBS), whic…