Consumption-tax reform enters its 2026 implementation phase

Constitutional Amendment 132/2023 established Brazil's consumption-tax reform and Complementary Law 214/2025 supplied core regulation for CBS, IBS and the Selective Tax. Implementation began in 2026, including test-rate and reporting arrangements, with the broader replacement of PIS/Cofins, ICMS and ISS phased through 2033. The reform does not itself replace personal income tax.