With the new government of President Luis Inácio da Silva (Lula), the Ministry of the Treasury will now have seven secretariats, as follows: Executive Secretariat; Special Federal Revenue Secretariat; National Treasury Secretariat; International Affairs Secretariat; Economic Policy Secretariat; Economic Reforms Secretariat; and Extraordinary Secretariat for Tax Reform.
The new Treasury Minister, Fernando Haddad, who took over his position on January 1st, 2023, has appointed economist Bernard Appy as Secretary for Tax Reform.
Bernard Appy is the author of the bill for Constitutional Amendment 45/2019, which calls for the unification of all the taxes presently levied on consumption at present with just a single Tax on Goods and Services (“IBS”).
In interviews, Bernard Appy has stated that he is confident that approval of the new system of taxing consumption will be granted next year, which has aroused considerable expectations on the part of the market.