EY - Indirect taxes in Brazil

EY Tax Webcast

Indirect taxes in Brazil

Overview of the regime, recent developments and digital trends

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Brazil has arguably the most complex indirect tax system in the world and relies heavily on these taxes for revenue collection. Proactive and strategic management is an essential part of running the business and mistakes can be very costly.

The Brazil Tax Authority has also taken a world-leading approach advancing the digitization of transactional tax data. Armed with real-time and detailed transactional data they may even know more about your company operations than you do.

To help you navigate this challenging environment, a panel of Brazil indirect tax professionals will discuss how to proactively manage your value-added tax (VAT), customs and indirect tax position. Topics include:

  • Brief introduction to Brazil’s complex indirect tax system
  • The trend in Brazil for enhanced capture of electronic data and how this is being used by the authorities
  • Hot topics:
    • VAT incentives
    • VAT credits accumulation
    • Contingencies of federal social contributions (PIS/COFINS)
    • Changes in municipal VAT (ISS) rules
    • State VAT (ICMS) in federal social contribution (PIS/COFINS) tax basis
    • State VAT pre-payment (ICMS-ST) restitution
    • Customs and trade developments
  • Future developments:
    • Reform with federal social contributions (PIS/COFINS)
    • Index K
  • How to strategically manage indirect taxes in Brazil
  • Using data analytics to unlock value, opportunities and identify risks

Panelists


  • Sergio Fontenelle, Partner, Indirect Tax Leader for South America, Ernst & Young Assessoria Empresarial Ltda., São Paulo, Brazil
  • Bruna Felizardo, Senior Manager, VAT, Ernst & Young Assessoria Empresarial Ltda., São Paulo, Brazil
  • Ian Craig, Partner, Global Trade, Ernst & Young Assessoria Empresarial Ltda., São Paulo, Brazil

Moderator


  • Robert Smith, EY Americas Global Trade & VAT Leader, Indirect Tax, Irvine, CA