The 2024 edition of the “Tax of Tomorrow – Trends and perspectives in the era of tax transformation” survey brings the main priorities and trends related to tax, based on the perspectives of 172 companies operating in Brazil. Survey covers the impacts of technological evolution and recent transformations of the business environment on the tax function.

Key insights

• With the publication of Constitutional Amendment No. 132/23, which amends the Brazilian tax system, the expectation has been consolidated that the Reform recently approved by the National Congress will bring greater transparency to the country's tax burden.
• Only 46% of companies participating in the “Tax of Tomorrow” survey carried out a study of the impacts of the Reform Tax on consumption; of those who have not done it yet, 45% await publication of complementary laws.
• Almost six out of every ten respondents who carried out an impact study concluded that the Reform could reflect on price increase or margin reduction.
• More than 60% of organizations evaluate making changes in their supply chain, geographic location or both, considering the possible impacts of the Reform on their business.
• Approximately 30% of the tax professional's time is dedicated to post-payment activities (response to inspection findings and tax litigation management), considering all spheres.
• Currently, 12% of responding organizations use Artificial Intelligence in their operations, evidencing space for increased use of this technology in tax activities.