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[BUSINESS] · Brazil · 18 sources

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Brazil's tax reform spurs property donation surge and split‑payment rollout

Brazil’s tax reform, which began in 2026, replaces five existing taxes with a dual value‑added tax (IVA) system – the federal Contribuição sobre Bens e Serviços (CBS) and the state/municipal Imposto sobre Bens e Serviços (IBS). The transition will be completed by 2033. A central feature of the reform is the split‑payment mechanism that automatically diverts the tax portion of an invoice to the Treasury at the moment of payment; it starts as an optional B2B electronic process and will later become mandatory for all transactions.

The reform has triggered a sharp rise in property donations as families rush to transfer assets before the new rules on the Inheritance and Donation Tax (ITCMD) take full effect. The Notarial College of Brazil reported 185,861 public donation deeds in 2025, a 59 % increase over 2020’s 116,225. ITCMD rates will become progressive, reaching up to 8 % for high‑value assets, and the tax base will shift from patrimonial to market value, prompting a record‑breaking volume of deeds in São Paulo and a rise in ITCMD revenue to R$ 6.39 billion in 2025.

Split‑payment is projected to curb tax evasion by automating collection at the point of sale, but it will also tighten cash flow for companies with thin margins, forcing many to adapt their financing and accounting systems during the transition period.

Entities

Brazil · CBS (Contribuição sobre Bens e Serviços) · CBS/IBS (dual IVA system) · Colégio Notarial do Brasil (CNB) · Constitutional Amendment No. 132/2023 · Eduardo Calais · IBS (Imposto sobre Bens e Serviços) · ITCMD · João Eloi Olenike

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