OECD Recommends Global Minimum Tax is Included in Brazil’s Tax Reform

Yesterday, Grace Perez Navarro, the Director of the OECD’s Centre for Tax Policy and Administration, recommended to Brazil’s Finance Minister (Fernando Haddad) that the implementation of the 15% global minimum tax on multinational companies should be part of Brazil’s tax reform package.

Brazil is currently reviewing its tax regime with a view to making significant changes (including the introduction of a single consumption tax in place of the state ICMS and municipal ISS). The Brazilian House of Representatives established a Working Group on Tax Reform to make comprehensive proposals. On March 1, 2023, the Working Group published its work schedule for 2023 which includes 16 public hearings including: