IMPACTS OF TAX REFORM ON THE BRAZILIAN FISCAL SCENARIO

Abstract

The demand for tax reform in Brazil was motivated by the complexities and predominant insufficiencies of the current tax system. The impacts of a possible tax reform on the country's fiscal scenario were examined in this article, focusing on the scrutiny of previous reform proposals together with PEC45/2019. The main objective of this study is to examine the plausible consequences of tax reform and its likely effects on the country's financial situation. By thoroughly examining the issue at hand, this investigation focuses on the anticipated consequences of tax reform on public income, the allocation of resources among federal groups, and the security of budget preparation. Furthermore, the likely obstacles that may arise during the implementation of a tax reform are also addressed in this article, highlighting the need for comprehensive discussions and prepared strategies to ensure that reviews of the country's fiscal framework are effective, impartial and constant. In light of the importance of this issue, an in-depth examination of the potential repercussions of tax reform in Brazil is underway. The information collected will be used as a basis for future discussions and assessments of this important economic issue.