Brazil Senate Considers Complementary Draft Law Setting VAT Rates on Various Goods, Services

The Brazilian Senate May 31 accepted for consideration Complementary Draft Law PLP 18/2022, applying a reduced tax rate to goods and services related to fuel, electricity, communications, and public transport. The bill includes measures to: 1) consider activities related to the operations, production, marketing, provision of services or importation of fuels, electricity, communications, and collective transport as essential services subject to a reduced tax rate; and 2) limit the VAT rate on the supplies of such goods and essential services to a maximum of 17 percent. [Brazil, Senate, 05/31/22]

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View Complementary Draft Law PLP 18/2022. View Legislative History ...