The article “Receita Federal prohibits compound interest on tax credits”, by lawyer Bárbara de Alcântara Mattos, is featured on the Monitor Mercantil portal.
The Federal Revenue Service has banned the incidence of interest on interest in tax offsetting. In this context, companies that use tax credits will notice changes in relation to their remaining balance.
The calculation method adopted by the Internal Revenue Service has a significant impact, especially on legal entities that qualify for tax credits arising from court rulings and gradually write off their taxes
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Click here to access the publication on the Monitor Mercantil portal.
