Brazil Readies Pre-Filled Corporate Filings and Split-Payment System in Tax Overhaul

Overview

• Receita Federal chief Robinson Barreirinhas said companies will receive pre-filled declarations via an assisted-calculation model similar to individual income tax filings.
• A new digital platform that digitizes fiscal documents is in testing with a symbolic highlighted 1% rate and no effective charges or penalties during the trial phase.
• The split-payment mechanism is targeted to be ready by mid-year for initial use by large taxpayers in business-to-business transactions and is slated to operate for federal levies from 2027.
• Officials said regulation of the new consumption taxes is close to completion with six outstanding points and publication expected later this year.
• The transition of state ICMS and municipal ISS to the unified IBS is planned for 2029 to 2032 with gradual rate adjustments, as experts flag technical and cash-flow risks for unprepared firms.