Brazil's Audit Court Suggests 11.3% Tax Rate for New CBS Tax
Listen to the story
Brazil's federal audit court, the TCU, has proposed a reference rate of 11.3% for a new tax called CBS. This tax will begin in 2027 and will replace two older taxes, PIS and Cofins.
The TCU is responsible for overseeing how the Brazilian government manages public money. Its suggestion is an important step in setting up the country's major tax reform.
A reference rate is a starting number used to guide a new tax system. Lawmakers can still adjust this rate before the new tax officially starts.
CBS stands for a federal contribution that will combine several existing taxes into one. The goal of the reform is to make Brazil's tax system simpler and more transparent.
Replacing PIS and Cofins with a single tax is expected to reduce bureaucracy for companies. Many businesses have complained for years about the complexity of Brazil's current tax rules.
In related news, Sebrae, an organization that supports small businesses and entrepreneurs, is developing a simulator. This digital tool will help business owners understand how the new tax rules might affect them.
The tax reform is considered one of the most significant changes to Brazil's economic structure in decades. It aims to unify different tax rates across sectors and regions.
Vocabulary10 words
- TCU
- Brazil's government office that checks public spending
- CBS
- a new federal tax planned for 2027
- tax reform
- a major change to how taxes are organized
- reference rate
- a starting number used as a guide
- contribution
- a type of payment made to the government
- bureaucracy
- complicated official rules and processes
- Sebrae
- an organization that helps small businesses in Brazil
- simulator
- a tool that shows how a system will work
- entrepreneur
- a person who starts and runs a business
- transparent
- easy to understand and see clearly
📚 Ready to use these words in a real conversation?
Practice live with a real tutor on Preply.
Quiz
Answer key
1. PIS and Cofins 2. 11.3% 3. A tax simulator
✅ Nice work on the quiz!
Keep the momentum going — book a live English lesson with a Preply tutor.
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Brazil's federal audit court, the TCU, has proposed a _____ rate of 11.3% for a new tax called CBS. This tax will begin in 2027 and will _____ two older taxes, PIS and Cofins.
The TCU is responsible for _____ how the Brazilian government manages public money. Its suggestion is an important step in setting up the country's major tax _____.
A reference rate is a starting number used to _____ a new tax system. Lawmakers can still _____ this rate before the new tax officially starts.
CBS stands for a federal _____ that will combine several existing taxes into one. The goal of the reform is to make Brazil's tax system simpler and more _____.
In related news, Sebrae, an organization that supports small businesses and _____, is developing a _____. This digital tool will help business owners understand how the new tax rules might affect them.
🎓 Enjoyed this story?
Turn today's reading into real speaking practice with a live Preply tutor.