Navigating ICMS, IPI, PIS and COFINS: A Brazilian Tax Guide
Embarking on a entrepreneurial journey in Brazil requires a comprehensive understanding of its intricate tax system. Among the fundamental taxes, ICMS, IPI, PIS and COFINS play critical roles. ICMS, a state-level value-added tax, applies goods and services exchanged within a state. IPI, the industrial tax, levied on manufactured products, shapes pr