From valorinternational · · 50s
Industrial trade group pushes Senate to cut CBS tax rate
CNI urges Senate to lower CBS tax rate before January 2027.
In brief
CNI urges Senate to lower CBS tax rate before January 2027. CNI says Brazil's CBS tax rate of 11.3% is too high for developing countries and wants Senate to reduce it by December 15. Originally reported by valorinternational.
CNI criticizes CBS tax rate
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The National Confederation of Industry says the 11.3% CBS tax rate is higher than necessary to maintain the current rate.
Senate must set CBS rate by December 15
CNI states the Senate must discuss lowering the tax rate before it takes effect in January 2027.
CBS tax rate above developing country threshold
CNI claims the current rate exceeds the threshold appropriate for developing countries.
Tax reform includes multiple levies
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The reform replaces PIS, Cofins, ICMS, ISS and reduces IPI to zero for most products.
At a glance
CNI says Brazil's CBS tax rate of 11.3% is too high for developing countries and wants Senate to reduce it by December 15.
