Tax Clipping | Stay Up to Date with the Highlights

In this edition of the BVZ Tax Newsletter, we have compiled updates on the implementation of the Tax Reform, new tax settlement rules and recent decisions on tax matters.

Check out the highlights of this edition:

Tax Reform
– The Brazilian Federal Revenue Service will begin, on 15 October, integration testing of PSPs with the Public Split Payment Platform.
– The CGSN extends deadlines for opting for the Simples Nacional and the regular IBS and CBS regimes.
– Municipalities may now anticipate the migration of companies under the Simples Nacional to the National NFS-e system.
– The CNM projects the impact of IBS on municipal revenues through 2078 and classifies municipalities according to the estimates.

Tax Settlement
– The Tax Settlement Programme of Ribeirão Pires closes the enrolment period for debts registered as outstanding tax liabilities.
– The Government launches debt renegotiation programmes for MEIs, rural producers, employers and former scholarship holders.
– Natal establishes a permanent settlement policy for the recovery of tax and non-tax receivables.

Tax Updates
– The Brazilian Federal Revenue Service distinguishes the taxation of presumed ICMS tax credits under the cumulative and non-cumulative regimes.
– CARF upholds a decision ruling out the treatment of real estate investment funds (FIIs) as legal entities for IRPJ and CSLL purposes.
– CARF rules that an opinion issued by an MCTI-affiliated body does not overturn an unfavourable ministerial decision concerning projects under the Lei do Bem.
– The Federal Court of São Paulo rules out the 10% withholding of income tax on dividends distributed by a company under the Simples Nacional.
– A bill proposes raising the monthly income tax exemption threshold for stock market transactions to BRL 60,000 and extending the rule to other assets.
– CARF rules that an agribusiness company may not segregate its activities to determine the calculation basis for social security contributions.

Access the full edition for more information.