Brazil tax reform: 2027 revenue projection R$678B, CBS R$636B

Brazil's government projects R$678 billion in new tax revenue for 2027, comprising R$636B from CBS and R$41.9B from the Selective Tax, marking the first official estimate post-tax reform. The figures signal fiscal consolidation expectations but remain projections subject to economic performance and implementation. This matters as it shapes Brazil's fiscal outlook and market confidence in the reform's revenue impact.