Tax & Accounting Blog

The Brazilian State of Bahia Increases Substitution Tax on Construction Materials

The Brazilian State of Bahia Increases Substitution Tax on Construction Materials

On Feb 01, 2015, the Decree 15.807 entered into effect in the Brazilian state of Bahia. This decree relates to ICMS Tax Substitution for transactions involving construction materials within the state of Bahia. Under the regime of Tax Substitution, a manufacturer or other business entity designated as a tax substitute becomes responsible for remitting the … Read More