The Federal Revenue Service published Ordinance RFB No. 368, which institutes the Consumption Tax Reform Program (RTC) and related projects to propose a model and solutions for the implementation of the consumption tax reform. This program aims to create models and solutions that seek to simplify the fulfillment of tax obligations, through integrated and lower-cost solutions, in order to stimulate tax compliance within the scope of the institution of the Contribution on Goods and Services (CBS), contained in the Consumption Tax Reform (PEC 45/2019), currently under consideration in the Federal Senate.
The RTC program will deal with the structuring of data for compliance with tax obligations in consumption taxation by taxpayers, both to facilitate the collection of said contribution and in compliance with their ancillary obligations.
The importance of this measure is directly related to the start of the CBS's validity, scheduled for 2026, considering that the technological and structured database solutions should be ready by 2025.
This program also presupposes an ongoing dialogue with representatives of the States and Municipalities to integrate the proposed solutions with those developed within the scope of the IBS.
Source: Federal Revenue of Brazil
