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Brazil May Tax Online Audio, Visual Content

by Mike Godfrey, Tax-News.com, Washington

15 September 2015


Brazil's House of Representatives on September 10, 2015, approved a proposal to extend the scope of the municipal service tax (ISS) to include online providers of audio and visual content.

The ISS is levied at the municipal level on the provision of certain services. The Complementary Bill 366/13 seeks to apply the ISS to a number of services not currently subject to the tax, including online "streaming" services such as Netflix and Spotify.

The bill also sets the minimum rate of the ISS at two percent, a measure intended to eliminate tax competition between the country's municipalities.

The bill was approved with 293 votes in favor and 64 against. It still needs to be approved by the Senate and President Dilma Rousseff.

TAGS: tax | economics | value added tax (VAT) | fiscal policy | commerce | internet | e-commerce | tax rates | Brazil | tax reform | services

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