Brazil STF weighs timing of IPTU rate ruling; rapporteur sets Aug 12 limit

Brazil's Supreme Federal Court is considering when a ruling barring municipalities from setting IPTU (property tax) rates based on property area takes effect. Rapporteur Dias Toffoli proposed modulating effects with an August 12 cutoff, but the full court has not yet decided. The outcome affects municipal tax revenues and taxpayer liabilities across Brazil.