UNDERSTANDING ICMS, IPI, PIS AND COFINS: A BRAZILIAN TAX GUIDE

Embarking on a business journey in Brazil requires a thorough understanding of its intricate tax system. Among the fundamental taxes, ICMS, IPI, PIS and COFINS play critical roles. ICMS, a state-level consumption tax, affects goods and services exchanged within a state. IPI, the manufacturing tax, collected on manufactured products, shapes producti