The article “CARF decision represents tax benefit for sugarcane producer”, by Fábio Bernardo, a tax lawyer at Marcos Martins Advogados, is featured in Nova Cana.
The lawyer comments on the decision by CARF (the Higher Chamber of the Administrative Council for Tax Appeals) which authorized a rural producer to benefit from incentivized accelerated depreciation in relation to sugarcane plantations.
In practice, the costs can now be deducted in full in the same year as the asset is purchased, which generates an immediate reduction in the profit to be taxed, allowing rural producers to take advantage of this deduction instantly.
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