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Brazil govt delivers tax reform proposals to Congressional leaders -economy ministry

·1 min read

BRASILIA, July 21 (Reuters) - Brazilian Economy Minister Paulo Guedes on Tuesday delivered the government's tax reform proposals, a key plank of the administration's economic reform agenda, to Senate President Davi Alcolumbre and lower house speaker Rodrigo Maia, the ministry said in statement.

Guedes last week said that this part of the package will address combining the PIS and Cofins federal consumption taxes into a single value added tax.

Other proposals to simplify Brazil's complex tax system are already under way in Congress, and they include a broader VAT covering state and local taxes. (Reporting by Marcela Ayres Writing by Jamie McGeever and Jake Spring; Editing by Sandra Maler)