This Tuesday, President Luiz Inácio Lula da Silva sanctions the bill that finalizes the regulation of Tax Reform. He must also launch the digital platform that will consolidate the collection of new taxes.
The text that will be sanctioned deals with topics such as the committee that will be responsible for managing the Goods and Services Tax (IBS), which will be created with the reform. The proposal also establishes general standards for taxes such as ITCMD, ITBI and the public lighting contribution (Cosimp).
The management committee will be responsible for collecting, compensating and distributing IBS, in addition to standardizing the application of the law and centralizing ancillary obligations. Its structure provides for technical and budgetary independence, alternation in the presidency between representatives of states and municipalities and a minimum participation of 30% of women in the executive board.
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The body will be formed by a Superior Council, General Secretariat, internal affairs department, internal audit and an executive board with nine areas, such as Inspection, Taxation and Treasury.
There will be 54 members in total: half appointed by the governors and the other half representing the municipalities, with four-year terms. During the process, an agreement was reached to divide, on a transitional basis, the 27 municipal seats between the National Front of Mayors and Mayors (FNP), with 13 vacancies, and the National Confederation of Municipalities (CNM), with 14.
Quarterly meetings
From 2026, the choice will be made through elections. The meetings will be quarterly, with the possibility of extraordinary calls, and decisions will require an absolute majority of representatives, support from states that account for more than half of the country’s population and the approval of the majority of municipal representatives.
Another central point deals with the use of ICMS credits accumulated until December 31, 2032, which can be used to offset future IBS debts or returned in installments.
In the case of financial services — credit, exchange and insurance operations — a specific taxation regime was established, with an initial rate of 10.85% in 2027, reaching 12.5% in 2033.
During the transition, where ISS, a tax on services that is currently charged by city halls, is still charged, there will be a proportional reduction.
