Overview

• PLP 108/2024 structures the IBS Comitê Gestor to centralize collection and to set distribution and transition rules for states and municipalities.
• Rapporteur Eduardo Braga submitted a complemento de voto after 149 new amendments this week, bringing the total to 517, and said he incorporated several changes.
• The revised draft permits consolidated documents for IBS and CBS compliance to simplify taxpayer reporting.
• The text defines how municipalities choose representatives to the Comitê Gestor, assigns CNM and FNP to issue the election rules, sets a minimum vote threshold, and gives the CGIBS a fallback role.
• The report updates inheritance and property transfer taxation by exempting private pension and insurance benefits from ITCMD and by specifying charging points and valuation for ITCMD and ITBI, while approval would send the bill to the Senate plenary and then the Chamber.