Brazil tax reform sparks concerns among mining, O&G sectors

In an interview with BNamericas (Q&A), Paulo Honório de Castro Júnior, partner and head of the Tax practice, discussed Article 20 of PEC 45 (the tax reform approved by Brazil’s Chamber of Deputies), which allows states to impose contributions on primary and semi-processed products to fund infrastructure and housing projects.As highlighted during the interview, this initiative “runs counter to the tax reform itself and increases the tax burden.” It also appears to have been inspired by Goiás State’s Fundeinfra, a fund created last year to finance infrastructure projects.

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