Summary of Reforma tributária acaba com cinco impostos extremamente complexos | Jornal da Band

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The Jornal da Band YouTube video discusses Brazil's recently approved tributary reform, which simplifies the tax system by eliminating five complex taxes, including the ICMS Estadual, and replacing it with a selective tax on harmful products. The reform aims to end the fiscal war between states, reducing production chain inefficiencies. However, there are exceptions and unclear costs and new tax rates for various goods, including food items with a zero-rated tax. Secretary Bernardo Arruda mentioned an average tax rate change of 2.5%, but the overall tax burden remains high at 26.5%.

• 00:00:00 In this section of the Jornal da Band YouTube video, the discussion revolves around the recently approved tributary reform in Brazil. The reform simplifies the tax system by eliminating five highly complex taxes, primarily the ICMS Estadual, and replacing it with a selective tax that targets harmful products to public health, such as cigarettes. The reform also puts an end to the fiscal war between states, reducing inefficiencies and distortions in production chains. However, there are exceptions and privileged sectors with differentiated quotas, and it's still unclear how much the reform will cost and what the new tax rates will be for various goods, including food items with a zero-rated tax. The Secretary of the Reform, Bernardo Arruda, stated that the average tax rate has only changed slightly, around 2.5%, but the overall tax burden remains high at 26.5%.