Full non-cumulativity is the main promise of the new Dual VAT system, but achieving it will require a level of technical precision most companies do not yet have. The end of the cascading tax effect is not an automatic benefit. With the change in regime, it becomes a right that must be proven invoice by…

Brazil’s Tax Reform is reshaping the tax system and redefining where risk truly lies within companies. With the introduction of the dual VAT system and the adoption of split payment, the relationship with suppliers goes beyond operational interaction and now has a direct impact on cash flow, margins, and compliance. In practice, the right to…