STF decides that PIS and COFINS are not levied on interest and monetary correction on tax refunds
The Federal Supreme Court (STF) unanimously decided that there is no general repercussion on the issue of the levying of PIS and COFINS on monetary correction and interest, represented by the Selic rate, in the repetition of tax debt (return of tax paid unduly or in excess). The Court held that the matter in question […]
State of São Paulo launches agreement program for early payment of court-ordered debts
The São Paulo State Attorney General’s Office (PGE/SP) has published PGE Notice 01/2024, which launches a new agreement program for the early payment of state court-ordered debts (payments due after a court decision). The program, which begins in August 2024, is conditional on a 40% discount on the value of the existing claim, not including […]
Qualified fine: STF to define applicable limits in August
What is a qualified fine? The qualified fine is a penalty resulting from tax evasion, fraud or collusion, levied on the total or difference of unpaid, uncollected, undeclared or inaccurately declared tax, the purpose of which is to curb the practice of illicit conduct by the taxpayer. The main reasons for its application Taxevasion: action […]
“Declara Agro”: Federal Revenue Service begins operation focusing on rural producers’ aircraft
After the Brazilian Federal Revenue Service notified rural producers to regularize lease and partnership contracts that were not in compliance with the legislation, the “Declara agro” operation is now extending its inspection to taxpayers who, between 2020 and 2022, improperly deducted aircraft expenses in the Rural Producer’s Digital Cash Book (LCDPR). The deduction of these […]
The tax transaction revolution in Brazil
Recently, the Federal Attorney General’s Office (AGU) revealed that tax settlements were the mechanism that allowed it to recover almost 43% of the amounts negotiated by the National Treasury Attorney General’s Office (PGFN) in 2023. They amounted to R$20.7 billion of the R$48.3 billion raised by the government agency. This amount is 46.8% higher than […]
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! […]
