Tax Clipping | Stay Up to Date with the Highlights

In this edition of the BVZ Tax Newsletter, we bring together relevant updates on the implementation of the Tax Reform and recent decisions involving ITBI, PIS/Cofins, CPRB and the offsetting of tax credits.

Check out the highlights of this edition:

Tax Reform
– Companies under the Simples Nacional regime have until September 30 to choose the IBS and CBS collection model for 2027.
– The IBS Management Committee publishes calls for proposals for the development of systems focused on registration data, tax documents and the reimbursement of credit balances.
– The Brazilian Federal Revenue Service releases new technical documentation for the CBS calculation APIs, with gradual implementation starting in October.
– Cooperatives may opt for the specific IBS and CBS regime until October 31, effective as of January 2027.

Tax Updates
– The STF has five votes in favor of ITBI immunity on the contribution of capital to legal entities engaged in real estate activities.
– The Brazilian Federal Revenue Service opens a period for the regularisation of PIS/Pasep and Cofins credits identified as inconsistent.
– The STJ maintains the levy of PIS/Cofins on Selic interest from mandatory deposits.
– The STJ rules that CPRB is included in the PIS and Cofins tax base.
– The STJ rules that ICMS-Difal is excluded from the PIS and Cofins tax base.
– The STF upholds a monthly limit for the offsetting of tax credits recognised by court decisions.

Access the full edition for further information.