Time of supply – tax points (Brazil)
The general time of supply for goods and services is when the sale takes place.
The table below outlines the rules for determining the tax point for other types of supplies:
| Prepayments or advance payments | In prepayment operations, the recognition of revenue and/or the taxable event for the purposes of PIS and COFINS occurs on receipt of the prepayment if the vendor has the goods in its stock at the disposal of the buyer. Otherwise, PIS/PASEP and COFINS must be taxed at the time of delivery (in accordance with Inquiry Solution No 136/2010).
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For the recognition of revenue and/or the taxable event in the case of IPI, the legislation |
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Web page updated on 17 Mar 2025 15:43