Brazil Considering Changes to Taxation of Interstate Online Sales

Brazil's Chamber of Deputies is currently considering Constitution Amendment Bill 197/2012 (PEC 197/2012), which would introduce changes to the country's state value added tax (ICMS) in regard to interstate online sales to final consumers.
Currently, online sales of goods to final consumers is subject to ICMS in the state of the supplier only. Under the proposed rules ICMS would be applied in…
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