Foreign-sourced purchases are subject to a new tax with the introduction of tax reform — Joven Pan.

Jovem Pan News

Foreign-sourced purchases are subject to a new tax with the introduction of tax reform — Joven Pan.

From 2026 onwards, purchases of goods and services on foreign sites with foreign headquarters will be subject to a Value Added Tax (VAT), including purchases of up to $50 (R$257, at current rate). That tax, created by the tax reform, will comprise the CBS Goods and Services Tax and the IBS Goods and Services Tax, which will be implemented gradually until 2033. The proposed supplementary tax reform bill establishes that all purchases made through…