Brazil govt proposes extending IPI to Jan 2027 to bridge Selective Tax gap

Brazil's federal government plans to propose a constitutional amendment (PEC) after the elections to extend the Industrialized Products Tax (IPI) until January 31, 2027, exclusively for sectors affected by the new Selective Tax. The move aims to prevent a taxation gap before the Selective Tax takes effect. This signals fiscal policy continuity and tax reform implementation details, but the proposal's legislative path and exact scope remain uncertain.