STF validates collection of PIS/Cofins on insurance premiums; impact could reach R$42 billion

Angelo Ambrizzi, head of our tax department, spoke to Infomoney about the Supreme Court’s decision validating the levying of PIS/Cofins contributions on insurance premiums.

In practice, the STF justices decided that the concept of levying taxes on income from financial intermediation is valid. In the case of insurance companies, in relation to the premiums actually earned.

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