Nélio B. Weiss Philippe Jeffrey On August 1 2007, tax authorities issued normative instructions 761, 762 and 763 which regulate the simplified tax regime (super simples) announced by the Brazilian Government through Complementary Law n° 123/2006. The measure authorises companies under this regime – those with annual gross revenues of up to R$ 2,400,000 (approx. US$ 1,224,500) – to pay a single tax in place of the following federal, state and municipal taxes:
September 30 2007