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Keeping up to date with the regulatory projects that shape Brazil’s socioeconomic landscape is essential to understanding the changes underway and preparing for future impacts. The year 2024 promises to be marked by important legislative debates, with projects ranging from tax reform to issues related to carbon market regulation and the use of artificial intelligence.
Check out ten bills to follow in 2024 that should move the National Congress.
Tax Reform regulatory projects
The tax reform regulatory projects that must be uk mobile database monitored in 2024 are essential to detail and operationalize the changes proposed by the constitutional amendment enacted in 2023.
In total, the regulation must comprise 4 preliminary drafts distributed among the following topics:
General law on IBS (Tax on Goods and Services) and CBS (Contribution on Goods and Services);
IBS Steering Committee;
Selective Tax;
Tax administrative process.
These projects will address important issues such as the exact definition of the Goods and Services Tax (GST) and Goods and Services Tax (CBS) rates, as well as the distribution of revenue between states and municipalities.
In addition, they will establish the basis for the functioning of the management committee, responsible for collecting the IBS and the Selective Tax. These projects should also address the tax administrative process related to the new taxes, outlining the procedures for administrative litigation.
Why follow?
The need to monitor the progress and approval of these projects in 2024 lies in the importance of providing clarity and legal certainty to taxpayers and companies. They need to understand how tax changes will affect their operations and financial planning.