Tax & Accounting Blog

Brazil Increases PIS and COFINS on Imports

Brazil Increases PIS and COFINS on Imports

Blog, Indirect Tax February 3, 2015

On Jan 30, 2015, the Brazilian federal government published Medida Provisória (provisional measure) 668/2015, which increases the rates of PIS (Programa de Integração Social) and COFINS (Contribuição para o Financiamento da Seguridade Social) on the importation of goods. The measure includes increases on both the standard rate and the schedule of product-based reduced rates for … Read More