A new version of the Harmonized System (HS) of Nomenclature was introduced on January 1, 2017.
Brazil operates a circulation tax so that when goods and services are moved between states, the state of origin receives a tax payment. But the Brazil National Congress is switching the beneficiary of the tax to the destination state.
The 2015/16 Budget moves away from the austerity measures ushered in by the 2014 budget and instead focuses on tax relief for small businesses and extra childcare benefits for families.
A new form for tax audits includes revisions and additional requirements to Forms 3CA, 3CB, and 3CD