Brazil Announces Tax Simplification Initiatives for Companies and Taxpayers

On 7 August 2017, the Brazilian Government announced a series of tax simplification initiatives for companies and taxpayers that are focused on reducing compliance costs and stimulating the business environment. The initiatives include:

• A new phase of the Digital Bookkeeping System (SPED), which will provide for the sharing of information among tax authorities at various levels to promote greater efficiency in the collection and treatment of information provided by taxpayers (state, federal…