Brazil
Vat Registration Thresholds No specific federal VAT; instead, Brazil imposes multiple indirect taxes at federal, state, and municipal levels, including ICMS, IPI, PIS, and COFINS.
Vat Rates ICMS rates vary by state, generally between 17% and 19%; IPI rates vary by product; PIS and COFINS rates are 1.65% and 7.6%, respectively.
Vat Registration Process Businesses must register with federal, state, and municipal tax authorities, depending on the taxes applicable to their operations.
Taxable Transactions Sale of goods and services, including imports. Exports are generally exempt.
Registration Exceptions No specific exemptions; all businesses conducting taxable activities are required to register with the relevant tax authorities.
Vat Filing Frequency Filing frequency varies: ICMS and IPI are generally filed monthly; PIS and COFINS may be filed monthly or quarterly.
Exemption Schemes No specific small business exemption schemes; however, the Simples Nacional regime offers simplified taxation for small businesses.