October 10, 2019 / 3:07 PM / 5 months ago

Brazil's Guedes says tax reform to include VAT, redesigned income tax

SAO PAULO, Oct 10 (Reuters) - Brazil’s Economy Minister Paulo Guedes said on Thursday the government’s plans for tax reform include instituting a federal-level value-added tax (VAT) as well as redesigning income tax.

Guedes said the proposal would link the federal VAT with state taxes, adding that the government will not botch its efforts to overhaul the tax system for the sake of getting it done quickly. (Reporting by Eduardo Simoes Writing by Jake Spring Editing by Chris Reese)

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