Tax reform: tax changes could increase GDP by up to 8% in 10 years, says study
A recent study by Tendências Consultoria points out that, over ten years, reform could add between 4% and 8% to aggregate GDP growth. A basic scenario (with more challenging macroeconomic normalization) and an optimistic one (government recovers political capital and deepens reforms) are taken into account. In a pessimistic scenario (with a crisis of internal […]
DIRBI: everything you need to know about the new tax returnDIRBI: tudo o que você precisa saber sobre a nova declaração tributária
As of July 2024, companies will have to submit a monthly declaration of Tax Incentives, Waivers, Benefits and Immunities (DIRBI). This declaration must be made by the company’s head office and aims to inform the amounts of tax credit relating to federal taxes and contributions that the organization failed to pay due to the granting […]
Tax reform: production will improve, but first the economy will live with the bureaucracy of 2 regimes
With regard to the Tax Reform, there is consensus among analysts that the industrial sector will gain the most from the reduction in operating costs, the tax burden, greater legal certainty and improved productivity. On the other hand, the services sector is also unanimous as being the most affected, as its taxes will increase. In […]
PIS/COFINS: CARF approves precedent allowing crediting of “inputs of the input”
The Superior Chamber of the Administrative Council for Tax Appeals (CARF) recently unanimously approved a ruling in favor of taxpayers on the possibility of crediting PIS/COFINS on input expenses in the agricultural phase prior to industrialization. The approved precedent recognizes that “spending on inputs in the agricultural phase, known as ‘input inputs’, allows the right […]
Incentives for industrial modernisation: understand accelerated depreciation in Law 14.871/2024
The Federal Government has sanctioned Law No. 14,871/2024, which authorises companies that opt for real profit to use accelerated depreciation for new machinery, equipment, apparatus and instruments destined for fixed assets. The sectors benefiting from this depreciation rule will be listed in a Decree to be issued by the Executive Branch. Check out the details! […]
PPI 2024: deadline for joining the São Paulo City Hall debt installment program ends this month
The Municipality of São Paulo has opened the deadline for adherence to the Incentive Debt Installment Program (PPI 2024), as provided for in Decree 63.341/2024. Eligible for the installment plan are debts arising from tax and non-tax credits, whether or not they have been constituted, including those registered as active debt, filed or to be […]
TJSP dismisses collection of ITCMD from person residing abroad
The 3rd Chamber of Public Law of the São Paulo State Court of Justice ruled that the ITCMD (Causa Mortis and Donation Transfer Tax) should not be levied on donations of assets located in Brazil when the donors are resident or domiciled abroad. In the case under discussion, the donor has not resided in Brazil […]
Federal Revenue Office extends deadline for signing up to tax debt self-regularization program
Brazil’s Federal Revenue Service has extended the deadline for adherence to the incentivized self-regularization program for tax debts resulting from exclusions from real profit made in disagreement with the provisions of article 30 of Law No. 12,973/2014. Article 30, which has now been repealed, regulated the treatment of investment grants, establishing conditions and requirements for […]
Res judicata: STF denies temporal modulation and exempts taxpayers from punitive fines
The Federal Supreme Court (STF) has upheld the “breaking” of res judicata in tax matters. This means that it has authorized the retroactive collection of taxes not paid in the past by virtue of a final court ruling. The Court also did not accept the motions of companies seeking to modulate the effects of the […]
Tax glossary: a complete guide to understanding tax language
The complexity of Brazilian tax legislation is an undeniable fact. In this sense, there are many terms in the tax field and understanding this language can be a challenging process. Understanding tax language is fundamental to correctly interpreting tax laws and regulations and making strategic decisions on financial and tax issues. In order to guide […]
