Tendências Consultoria

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Tendências Consultoria helps you understand how Tax Reform impacts your sector and business

Tendências Consultoria supports clients at every stage of the Tax Reform process, providing calculations to inform discussions with authorities and preparing companies for the upcoming changes by quantifying their impacts.

How can Tax Reform affect the Brazilian economy and the daily operations of companies across all sectors?

Changes in the calculation of tax burdens and the tax logic for companies

Adjustments in the pricing of products bought or sold by companies

Financial impacts, including changes in cash flow

Reavaliação do Planejamento Tributário

Realocações espaciais de produção, distribuição e compras

Reavaliação do Planejamento Tributário

Realocações espaciais de produção, distribuição e compras

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Articles

Reforma tributária e turismo: uma exceção coerente com os benefícios do sistema
  • Reforma tributária

Reforma tributária e turismo: uma exceção coerente com os benefícios do sistema

No atual contexto de regulamentação, a introdução de um Imposto...
Reforma Tributária e a construção civil: destravando o potencial de inovação e industrialização
  • Reforma tributária

Reforma Tributária e a construção civil: destravando o potencial de inovação e industrialização

A Reforma Tributária brasileira caminha para simplificar a carga de...
Governo já se prepara para reequilíbrio dos contratos ante a Reforma Tributária
  • Infraestrutura, Reforma tributária

Governo já se prepara para reequilíbrio dos contratos ante a Reforma Tributária

Conforme divulgado em eventos e declarações públicas, a Reforma Tributária...
Reforma Tributária e Investimento Estrangeiro Direto (IED): barreira ou atrativo
  • Reforma tributária

Reforma Tributária e Investimento Estrangeiro Direto (IED): barreira ou atrativo?

A Reforma Tributária em regulamentação no Brasil é extremamente relevante...
A formação das alíquotas efetivas na transição da Reforma Tributária
  • Reforma tributária

A formação das alíquotas efetivas na transição da Reforma Tributária

A Reforma Tributária em curso visa simplificar o complexo sistema...
O mecanismo do split payment e seus reflexos no capital de giro das empresas
  • Reforma tributária

O mecanismo do split payment e seus reflexos no capital de giro das empresas

A adoção do split payment, prevista na atual Reforma Tributária...

Artigos

Reforma tributária e turismo: uma exceção coerente com os benefícios do sistema
Reforma tributária

Reforma tributária e turismo: uma exceção coerente com os benefícios do sistema

Leia mais »
03/07/2025
Reforma Tributária e a construção civil: destravando o potencial de inovação e industrialização
Reforma tributária

Reforma Tributária e a construção civil: destravando o potencial de inovação e industrialização

Leia mais »
26/06/2025
Governo já se prepara para reequilíbrio dos contratos ante a Reforma Tributária
Infraestrutura

Governo já se prepara para reequilíbrio dos contratos ante a Reforma Tributária

Leia mais »
14/06/2025
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In the Media

Cobrança no destino vira o jogo federativo: reforma tributária força Estados a competir em produtividade, não em incentivos - Portal da Reforma Tributária
Cobrança no destino vira o jogo federativo: reforma tributária força Estados a competir em produtividade, não em incentivos – Portal da Reforma Tributária
Leia mais »
24/06/2025
Reforma tributária: quais os impactos sobre a concorrência? - Jota
Reforma tributária: quais os impactos sobre a concorrência? – Jota
Leia mais »
19/06/2025
Reforma Tributária exige ação estratégica e integração entre áreas - Gazeta da Semana
Reforma Tributária exige ação estratégica e integração entre áreas – Gazeta da Semana
Leia mais »
06/05/2025
Desafio: como fica a relação com investidores em meio a tantas mudanças tributárias - Reforma Tributária
Desafio: como fica a relação com investidores em meio a tantas mudanças tributárias – Portal da Reforma Tributária
Leia mais »
02/05/2025

Events and Webinars

Confira tudo o que rolou na nossa live sobre impactos da Reforma Tributária nos Contratos de Concessão e PPPs

Confira tudo o que rolou na nossa live sobre impactos da Reforma Tributária nos Contratos de Concessão e PPPs

Leia mais »
14/02/2025
Confira tudo o que rolou na live sobre os impactos econômicos da Reforma Tributária do consumo

Confira tudo o que rolou na live sobre os impactos econômicos da Reforma Tributária do consumo

Leia mais »
20/08/2024
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FEBRABAN

"For several years, we have relied on Tendências Consultoria for the preparation of technical and economic studies and reports on various topics related to the financial sector, particularly in the areas of credit, economics, taxation, and regulation. Our experience has been highly positive, given the team's high level of commitment, understanding, and technical expertise, which translates into timely delivery and the quality of the materials produced. These works have proven to be robust and extremely useful in supporting and facilitating institutional discussions within our organization. This leaves us highly satisfied and confident in choosing Tendências for any additional studies we may require in the future."

FEBRABAN

Deputy Risk Director

ABCR – Melhores Rodovias do Brasil

"Since 1999, Tendências has been working with the highway concessions sector, contributing to the development and monitoring of the ABCR Index, an important economic indicator that, in 2012, was incorporated into the calculation of the Gross Domestic Product (GDP) by IBGE. Tendências has also been a partner of ABCR - Melhores Rodovias do Brasil in various other technical studies, providing highly relevant economic information and analyses, such as the recent study on the surge in road construction material costs during the COVID-19 pandemic."

ABCR – Melhores Rodovias do Brasil

Chief Executive Officer (CEO)

Partners

Meet the people who make Tendências Consultoria happen. Our team includes economists, accountants, econometricians, financial analysts, administrators, technology professionals, and data scientists.

They are led by our partners:

Gustavo Loyola
Mailson da Nóbrega
Nathan Blanche
Ernesto Guedes
Alessandra Ribeiro
Denise de Pasqual
Camila Saito
Rafael Cortez
Fabiana Tito
Silvio Campos Neto
Walter de Vitto

Gustavo Loyola

CEO and member of Tendências' Advisory Board, holds a Ph.D. in Economics from EPGE-FGV, and served twice as president of Brazil’s Central Bank. Named "Economist of the Year" in 2014 by the Brazilian Order of Economists.

Mailson da Nóbrega

Founding Partner of Tendências, economist, former Minister of Finance, chaired the Monetary Council and Confaz, and served on the boards of the IMF, World Bank, and IDB. Named "Economist of the Year" in 2013 by the Brazilian Order of Economists and authored six books.

Nathan Blanche

Founding Partner and member of Tendências’ Advisory Board, is a financial market entrepreneur and former president of ANORO. He has dedicated himself to the standardization and development of gold and foreign exchange markets, including futures markets.

Ernesto Guedes

Founding Partner, Director, and member of Tendências' Advisory Board, leads the Custom Studies team. He holds a degree in Economics from the University of São Paulo (FEA/USP) and a master’s degree from the same institution, with over 30 years of experience in economic consultancy.

Alessandra Ribeiro

Partner and Director of Macroeconomics and Sectoral Analysis at Tendências, holds a master’s degree in Economics and Finance from Fundação Getulio Vargas (FGV) and a degree in Economics from Unicamp. She previously worked at Bovespa (currently B3) and serves as a counselor at the Regional Council of Economics (Corecon-SP), 2022-2024.

Denise de Pasqual

Founding Partner and Director of Institutional Relations at Tendências, holds a postgraduate degree in financial sector economics from Fipe-USP and a specialization in Administration for Graduates from CEAG-FGV, and an economics degree from FEA-USP. She worked as a researcher at Fipe and IESP.

Camila Saito

Partner at Tendências, holds a master's degree in Economics from FGV-SP. At Tendências, she is responsible for regional scenarios and income classes studies.

Rafael Cortez

Partner and political scientist at Tendências, holds a PhD and master's degree in Political Science from USP. He is a professor of the master's course in Law, Justice, and Development at IDP-SP and a guest professor at FGV-SP.

Fabiana Tito

Partner and Director of New Business at Tendências, holds a PhD in Economic Theory from FEA-USP, a Master's in Competition and Regulation Economics from Universitat Pompeu Fabra and Universitat Autònoma de Barcelona (Spain), and an economics degree from FEA-USP. She is internationally recognized in Competition Defense by Who’s Who Legal Thought Leaders, Director of Economics at IBRAC, Director of WIA – Women in Antitrust, and Non-Governmental Consultant of the International Competition Network (ICN). Listed in the Corporate & Finance Leading Women by Leaders League Brazil (position 28 out of 50).

Silvio Campos Neto

Partner and senior economist at Tendências, holds a master's degree in Economics from FGV-SP and teaches macroeconomics at Oswaldo Cruz Colleges. At Tendências, he is responsible for monetary policy, markets, and international economics.

Walter de Vitto

Partner at Tendências, holds a master's degree in Economics from FEA-USP. At Tendências, he is responsible for market intelligence studies in supplies, and the electricity and oil & gas sectors.

Infographics

Dynamics of cumulative taxes

Value chain with a flat 20% rate across all stages

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