Brazil’s Split Payment for IBS and CBS: How Will It Work in Practice?
On June 3, 2026, Joint Act No. 2 of May 27, 2026 — issued by the Brazilian Federal Revenue Service (Receita Federal do Brasil — RFB) and the IBS Management Committee (Comitê Gestor do IBS — CGIBS) — was published in the Federal Official Gazette (Diário Oficial da União). The act authorized the release, on […]
IBS and CBS regulations: an overview of Brazil’s consumption tax reform
On April 30, 2026, the regulations for the two central taxes of the consumption tax reform were published: Decree No. 12,955/2026, which regulates the Federal Contribution on Goods and Services (Contribuição sobre Bens e Serviços — CBS), within the federal government’s jurisdiction; and Resolution No. 6/2026 of the IBS Management Committee (Comitê Gestor do IBS […]