THE IMPACTS OF THE TAX REFORM (CONSTITUTIONAL AMENDMENT NO. 132/2023) ON THE MANAUS FREE TRADE ZONE: CHALLENGES AND PERSPECTIVES FOR REGIONAL DEVELOPMENT IN THE FACE OF THE NEW TAXATION MODEL

Abstract

The Brazilian Tax Reform, formalized by Constitutional Amendment No. 132/2023, brought about a substantial restructuring of the country’s consumption tax system. This change has significant implications for special tax regimes, particularly the Manaus Free Trade Zone (ZFM), which relies on fiscal incentives to maintain its competitiveness. This article aims to analyze the main impacts of the Tax Reform on the ZFM, focusing on the creation of the IBS and CBS taxes and the gradual phasing out of the IPI. Based on legal documents and technical analyses, the compatibility of the new system with the goal of promoting the development of a historically disadvantaged region is discussed.