According to Brazil's Federal Revenue Secretary, José Barroso Tostes Neto, the government has agreed on a plan for tax reforms that will be introduced in the National Congress in four phases. Information on the planned reforms was recently provided by the Secretary in an interview published by Brazilian news outlet, Estadão. The four phases are as follows:
- The first phase includes the replacement of the PIS and COFINS consumption taxes with a single creditable value-added type tax on goods …