Brazil Tax Reform is long-awaited legislation that introduces a unified VAT system and sets up a more transparent framework for taxing the sale and purchases of goods and services. This major shift from Brazil's complex multi-layered tax structure to a streamlined VAT approach is expected to improve the business environment, increase productivity, and boost investments in the country. That said, the reform will take time to implement and will run in parallel with the current tax regime. Implementing and supporting the reform may be a challenge for many businesses.
Part of the legislation is still under construction by the authorities. Vertex is supporting both regimes simultaneously via a single connection point and incorporating changes in the O Series tax engine as the regulations finalize, monitoring updates closely so we can implement them responsively.
