Joint Commission installed in Brazilian Congress to analyze Tax Reform
Senator Roberto Rocha (PSDB-MA) was appointed to chair the commission. He is the rapporteur for the proposed amendment to the Constitution Amendment (PEC) 110/2019, presented in July last year by Senator Davi Alcolumbre – this PEC is ready for voting in the Senate Constitution and Justice Commission (CCJ).
Deputy Aguinaldo Ribeiro (PP-PB) was chosen as the committee’s rapporteur. He is already a rapporteur for tax reform in the special commission in the House of Representatives that analyzes PEC 45/2019.
The proposals are, in summary, the following:
1) PEC 45/2019 (from House of Representatives): The text of the PEC ends with five taxes, three federals: IPI, PIS and COFINS, one state (ICMS), and one municipal (ISS). In their place, the Tax on Goods and Services – IBS will be created, which is the responsibility of municipalities, states and the Union. The text also adds competence to the Federal Union to institute selective taxes, with extra-fiscal purposes, designed to discourage the consumption of certain goods, services or rights. According to the justification of the proposal, “the IBS will have the characteristics of a good value added tax (VAT), a model adopted by the most countries for taxing the consumption of goods and services.” In total, the transition period will be fifty years.
2) PEC 293/2004 (PEC 110/2019, from the Senate): PEC 110/2019 is an initiative of party leaders and its first signatory is the president of the Senate, supported by another 65 senators. The text is based on PEC 293/2004, already approved by a special commission of the House of Representatives in December last year. The proposal was approved in the form of a substitute (alternative text) in the special committee dealing with the topic. The text extinguishes nine federal taxes (IPI, IOF, CSLL, PIS/Pasep, COFINS, Salário-Educação and CIDE Combustíveis), ICMS (state) and ISS (municipal). In their place, a state-based tax on added value, called the Tax on Transactions with Goods and Services (IBS), and a Federal Selective Tax will be created. The proposal foresees a transition period for the new system, which will last 15 years.
Both proposals foresee a phase of coexistence of the old system with the new, in which the first one disappears to make way for the second.
https://correiadasilva.com.br/wp-content/uploads/2020/01/imagem-blog-37.jpg187295Reginaldo Angelo dos Santoshttps://correiadasilva.com.br/wp-content/uploads/2019/07/Logo-csa.pngReginaldo Angelo dos Santos2020-01-29 18:25:252020-01-29 18:25:25The Attorney General’s Office of the National Treasury – PGFN, regulates the disclosure of the list of debtors
https://correiadasilva.com.br/wp-content/uploads/2020/01/imagem-blog-36.jpg187295Reginaldo Angelo dos Santoshttps://correiadasilva.com.br/wp-content/uploads/2019/07/Logo-csa.pngReginaldo Angelo dos Santos2020-01-28 15:24:382020-01-28 15:25:40Full payment of the tax debt extinguishes the punishment of the accused of tax evasion crimeCorreia da Silva Advogados
https://correiadasilva.com.br/wp-content/uploads/2020/01/imagem-blog-34.jpg187295Reginaldo Angelo dos Santoshttps://correiadasilva.com.br/wp-content/uploads/2019/07/Logo-csa.pngReginaldo Angelo dos Santos2020-01-27 17:07:482020-01-27 18:47:58Regulated the request for information protected by the tax secrecy by the Federal Comptroller GeneralCorreia da Silva Advogados
https://correiadasilva.com.br/wp-content/uploads/2020/01/imagem-blog-33.jpg187295Reginaldo Angelo dos Santoshttps://correiadasilva.com.br/wp-content/uploads/2019/07/Logo-csa.pngReginaldo Angelo dos Santos2020-01-23 12:09:332020-01-23 13:41:27ICMS SP: new rules for credit utilization for machinery and equipment, in the cases it specifies.
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