As of 29 October 2026, the Brazilian Federal Revenue (Receita Federal) announced that more than one million taxpayers have already opted for the regular regime of the Tax on Goods and Services (IBS) and the Contribution on Goods and Services (CBS), the two pillars of the ongoing consumption tax reform. The option period closes on 30 October 2026. This milestone reflects significant adoption of the new dual VAT system introduced by Constitutional Amendment 132/2023 and regulated by Complementary Law 214/2025. The regular regime applies to taxpayers not eligible for the simplified regimes (Simples Nacional or the specific regime for cooperatives). Taxpayers must formalize their option via the e-CAC portal. The reform replaces five existing taxes (PIS, Cofins, IPI, ICMS, ISS) with IBS (shared by states and municipalities) and CBS (federal).
Key Takeaways
- Mass Adoption: Over 1 million taxpayers have migrated, indicating strong readiness for the new system.
- Imminent Deadline: The option window closes 30 October 2026; late adoption may result in mandatory inclusion under default rules.
- Compliance Impact: Companies must update invoicing systems (NF-e, NFS-e) to highlight CBS and IBS separately, adjust accounting, and prepare for split payment mechanisms.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement