International USP Conference Discusses the Challenges of Brazil's Tax Reform

The Brazilian Federal Court of Accounts (TCU) took part in the 26th USP International Conference on Accounting, one of Latin America's leading academic events in the fields of accounting, controllership, and actuarial science. Held from July 22 to 24 at the School of Economics, Business, Accounting and Actuarial Science of the University of São Paulo (FEA-USP), the conference featured Brazil's tax reform as one of its main topics, bringing together experts to discuss issues considered critical to the implementation of the country's new tax system.

TCU Federal Auditor Hugo Leonardo Menezes de Carvalho, a member of the Court's working group responsible for monitoring the methodology used to calculate the new taxes, served as a panelist in the session Controversial Issues in Brazil's Tax Reform, which examined the technical, regulatory, and operational challenges associated with the country's new tax system.

The discussion covered the regulation of the new consumption tax framework, the transition challenges related to the Tax on Goods and Services (IBS) and the Contribution on Goods and Services (CBS), as well as the expected impacts on tax revenue, transparency, and fiscal oversight.

The auditor's participation reinforced the TCU's contribution to the technical debate on Brazil's tax reform, particularly regarding governance and the reliability of the estimates that will support the definition of future tax rates.

Participants in the 26th USP International Conference on Accounting also discussed topics such as artificial intelligence, sustainability, public sector accounting, governance, and tax reform. The event has established itself as one of Brazil's leading forums for discussions on the future of accounting and public administration.

Participants also highlighted the importance of collaboration among academia, oversight institutions, and accounting professionals as a key factor for the successful implementation of the changes introduced by the Constitutional Amendment on Tax Reform, as well as other issues relevant to the country's economy.

Learn More

To learn more about the TCU's work on Brazil's tax reform, visit the TCU and Tax Reform hotsite. Just as the reform seeks to simplify Brazil's complex tax system, the webpage aims to make the subject easier to understand for both citizens and professionals working in related fields.

The hotsite is designed as a comprehensive information hub where readers can find answers to the most common questions about the reform. Many of these are addressed in sections such as the TCU Guide, which explains a wide range of topics in clear and accessible language.