VAT news tagged as "Tax substitution"


Brazil ICMS tax substitution changes proposal

April 30th, 2014

The Brazilian government is looking at extending the tax substitution scheme on Brazilian ICMS (VAT) to include small and medium sized enterprises. This comes as Brazil slips into recessions, and its indirect tax regime remains amongst the most complex in the world. ICMS changes Tax substitution is a process used by the Brazilian states to …