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Brazil Sets Revenue Thresholds for Simplified (Simples Nacional) Tax Regime in 2021

|Approved Changes|Brazil
Brazil

Brazil has published Ordinance No. 30 of 18 November 2020, which sets the revenue limits for the purpose of paying state tax on the sale of goods, interstate and inter-municipal transportation and communication services (ICMS) and the municipal service Tax (ISS) under the simplified (Simples Nacional) tax regime in 2021. This includes:

  • BRL 1.8 million for the state of Amapá; and
  • BRL 3.6 milli…

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