Brazil Updates — June 2026

VAT in Brazil Enters Its Decisive Stretch

Brazil is in the middle of replacing one of the most complicated tax systems in the world, and the next ten weeks are when this change stops being theoretical for most businesses. The idea of folding Brazil's tangle of federal, state and municipal consumption taxes into a centralised VAT has been around for years — a first version surfaced back in 2020, when the government proposed swapping the old PIS/Cofins contributions for a single federal levy.