Brazil accounting council urges improvements to IBS tax regulation

In Japorã, the local business association ACEJA and Sebrae held a lecture on June 26 to inform entrepreneurs about the impact of Brazil's tax reform, focusing on the new Imposto sobre Bens e Serviços (IBS) and Contribuição sobre Bens e Serviços (CBS). Attendees included small‑business owners, accountants and municipal officials, who discussed how the unification of taxes will affect pricing, compliance and the survival of micro‑enterprises.

The Federal Accounting Council (CFC) President Joaquim Bezerra later submitted a technical document to the IBS Managing Committee (CGIBS) with proposals to strengthen the regulation of the IBS. The contributions aim to improve legal certainty, transparency, neutrality and efficiency, addressing issues such as assisted calculation, credit utilization, ancillary obligations, differentiated regimes and transition rules for the 2026‑2033 implementation period. The CFC highlighted the strategic role of accountants in guiding companies through the new tax system.