Decoding ICMS, IPI, PIS and COFINS: A Brazilian Tax Guide
Embarking on a commercial journey in Brazil requires a comprehensive understanding of its nuances tax system. Among the essential taxes, ICMS, IPI, PIS and COFINS play pivotal roles. ICMS, a state-level consumption tax, impacts goods and services bought within a state. IPI, the manufacturing tax, levied on manufactured products, influences producti