Brazil new ICMS VAT invoice requirements

Wed 6th Mar 2013

From 1 June 2013, new Brazilian ICMS VAT invoice disclosure requirements come into force, requiring more details on taxes charged. These include:

  • Municipal tax on services – ISS
  • Federal tax – IPI
  • Manufacturing federal taxes – IPI
  • Taxes on financial and currency transactions – IOF
  • State VAT – ICMS