MP reinstates payroll, revokes Perse benefits and limits compensation
The Federal Government, in yet another attempt to increase revenue, published Provisional Measure (“MP”) No. 1,202/2023, which considerably increases the taxation borne by taxpayers through the re-taxation of payroll taxes, the revocation of benefits from the Emergency Program for the Resumption of the Events Sector (“Perse”) and the limitation of the offset of credits arising from […]
Tax Reform is enacted
Last week, on a historic day (December 20, 2023), after 40 years of discussion (and waiting), Constitutional Amendment No. 132, the Tax Reform, was enacted. It will bring profound changes to the current tax system, specifically regarding consumption taxation. The solution envisaged by the Reform consists, in short, of converting/unifying five existing taxes in our […]
Bill approved on taxation of investments abroad
At the end of November, the Federal Senate approved Bill (“PL”) No. 4,173/23, which promoted and established relevant changes in the rules for taxing income earned by individuals in financial investments and controlled entities abroad, as well as in relation to investments held via trusts abroad, and in the taxation of funds […]
Tax Reform was approved in the Federal Senate
Last week, the Federal Senate approved, in two rounds, the Consumption Tax Reform – Proposed Constitutional Amendment No. 45 (PEC No. 45). Despite the various exceptions and regimes favored in the text, it maintains its basic characteristics regarding the implementation of Value Added Tax (“VAT”) in Brazil. The […]
'Resolve Já' program is approved by Alesp
Last Wednesday (27/09), the Legislative Assembly of the State of São Paulo (Alesp) approved Bill (PL) No. 1,246/2023, a regulation that aims to establish the program called “Resolve Já”, an initiative of SEFAZ-SP with the objective of bringing better conditions for the negotiation of ICMS debts between the São Paulo Tax Authority and the Taxpayer of […]
The return of the Quality Vote in CARF
This week, Law No. 14,689/2023 was enacted, definitively repealing the tie-breaking rule in favor of the taxpayer in trials held before the Administrative Council of Tax Appeals ("CARF"). In the event of a tie, the vote of the President of the Panel, a representative of the Treasury, will prevail. This is certainly a provision that guarantees a victory for the Tax Authorities […]
Federal Government publishes provisional measure and changes rules for treatment of investment subsidies
Amid subsequent changes to the matter spearheaded by the Ministry of Finance, we see the publication this Thursday (August 31) of Provisional Measure (MP) No. 1,185/2023, which substantially alters the rules regarding state tax incentives and their use by taxpayers, if approved by the legislature. The main novelty concerns the inclusion of investment subsidies, a type of […]