Prof. Miguel Silva was in the Chamber of Deputies last Wednesday (26/06/24), together with Federal Deputy Hildo Rocha, from the Tax Reform Working Group (WG), which is responsible for assessing and reporting on the final text of the PLP for approval in the Chamber.
The meeting analyzed EC 132/23, which has already been approved, and the text of PLP 68/2024, which regulates, in the operational field, the new IBS-CBS-IS taxes. On that occasion, Prof. Miguel Silva presented the Proposed Adjustments to the Original Text of PLP 68/2024, based on economic and legal studies developed jointly with Prof. Paulo Rabello de Castro, on behalf of the Instituto Atlântico.
The two studies, available here, with the Proposed Adjustments, in particular regarding the impacting SPLIT PAYMENTwhich, if approved as stated in the original text, will have a significant and deleterious effect on the cash flow of all companies subject to the non-cumulative regime, and more seriously, will contravene the Federal Constitution in its current text, which will certainly be the subject of litigation in the courts, increasing tax litigation in Brazil, which is regrettable, as this is not what is sought in a Tax Reform that is supposed to be simplifying.