Economy

TCU approves calculation of CBS reference rate in 11.3%

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 28/10/2026, 16:24:24 UTC.

Briefings

The Tribunal de Contas da União (TCU) approved the calculation of the reference tax rate for the Consumption on Goods and Services (CBS) on October 28, 2026, setting it at 11.3%. This decision, taken in an extraordinary plenary session, defines the percentage to be applied to public purchases and will be forwarded to the Senate for final approval. The CBS, replacing PIS/Pasep and Cofins, will begin testing in 2027 and fully replace the current system by 2033, integrating with the Imposto sobre Bens e Serviços (IBS).

Key points

• The TCU approved the calculation of the CBS reference tax rate on October 28, 2026, setting it at 11.3%.
• The decision defines the percentage applied to public purchases and will be forwarded to the Senate for final approval.

Context

The CBS replaces PIS/Pasep and Cofins, replacing the current consumption-based system. It will begin testing in 2027 and fully replace the current system by 2033, integrating with the Imposto sobre Bens e Serviços (IBS).

Limitations

The evidence covers the TCU's approval of the CBS reference rate calculation on October 28, 2026. It does not include the Senate's final approval, the specific implementation timeline beyond 2033, or the impact on individual taxpayers.

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