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Brazil raises ISS to 2%

  • VAT
  • 31 October 2015 | Richard Asquith

Brazil raises ISS to 2%

The Brazilian Chamber of Deputies ruled this week that the minimum Imposto sobre Serviços will rise to 2%.

ISS is the service tax levied by municipalities. The rise in the minimum rate is to prevent the increasing race to the bottom on competing cities and regions looking to attract business.

The rise will now need to be approved by the Brazilian Senate.


VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.