Forklift fuel costs generate PIS credits
The 3rd Panel of the Superior Chamber of the Administrative Council for Tax Appeals (CARF) allowed PIS/PASEP credits to be taken on fuel expenses for a rented forklift. The decision went against the ruling of the Ordinary Panel, which had denied the right to the credit since the taxpayer used LPG fuel in a rented […]
São Paulo federal court limits third-party contributions to a ceiling of 20 minimum wages
The judge of the 1st Federal Court of São Bernardo do Campo granted a preliminary injunction to limit contributions owed to third parties, such as those to SISTEMA S, INCRA and salário-educação, to the ceiling of 20 minimum wages. The discussion on the limitation of contributions to third parties is not new, so much so […]
Commissions paid to real estate brokers do not constitute taxable income for the real estate company
The Administrative Council for Tax Appeals (CARF) ruled that Corporate Income Tax, Social Contribution on Net Profits, PIS and COFINS should not be levied on amounts received by self-employed brokers when selling real estate. The unanimous decision considered that the commissions paid by the buyers of the properties directly to the brokers do not constitute […]
CARF decision authorizes taxpayer to take PIS/COFINS credits on packaging materials
Packaging that preserves the physical integrity of the product is part of the taxpayer’s production chain. This was the argument accepted by the 3rd Panel of the Higher Chamber of CARF (Administrative Council for Tax Appeals). In a decision , CARF allowed the use of PIS/COFINS credits on packaging material, stating that the wrappings were […]
TJSP recognizes the generation of ICMS credits on materials that are not consumed immediately and fully in the production process
The decision recognized that a metallurgical company could classify graphite electrodes, a material that is gradually consumed during the production process, as an intermediate product. For the purposes of generating ICMS credits on the purchase of goods by an industry, it must be analyzed whether the product used in the production process is raw material, […]
Agricultural News | Agribusiness taxation: Tocantins ruling is unconstitutional
The amount of taxation applied to agribusiness recently generated yet another discussion in the state of Tocantins about the suspension obtained by the Brazilian Association of Soybean and Corn Producers. The suspension was based on the increase in taxes on exports and outgoing products, alleging that the act was unconstitutional. Click here to find out […]
