Fuels: Lula repeats Bolsonaro's formula and reduces taxes to contain prices amid rising oil prices
Brazil's President Lula da Silva has eliminated PIS/Pasep and Cofins taxes on diesel amidst rising oil prices due to heightened Middle Eastern conflict, aiming to reduce fuel costs by R$ 0.64 a liter.
STJ rules that PIS/Cofins is included in the calculation base of IRPJ and CSLL under presumed profit
The STJ has ruled that contributions to PIS and Cofins are included in the calculation base for IRPJ and CSLL for companies using the presumed profit regime.
Federal Revenue opens a new chapter in the 'Century Thesis'
The Brazilian Federal Revenue Service has issued a solution regarding the exclusion of ICMS from the PIS and Cofins calculation base, favoring the 'stated ICMS' method over 'effective ICMS' after years of discussion.
Tax reform: with the extinction of PIS, Cofins, and IPI, R$ 40 billion in tax benefits will no longer exist in 2026
Brazil's tax reform will abolish PIS, Cofins, and IPI by the end of this year, leading to the termination of approximately R$ 40 billion in fiscal benefits in 2026.
Chamber approves tax reduction costing R$ 3.1 billion and benefiting Braskem
The Brazilian Chamber of Deputies has approved a temporary tax reduction on PIS/Pasep and Cofins for the chemical and petrochemical industry, benefiting Braskem significantly.
Chamber approves urgent regime for tax reduction project benefiting Braskem
The Brazilian Chamber of Deputies has approved an expedited process for a project that temporarily reduces PIS/Pasep and Cofins rates for the chemical and petrochemical industry, primarily benefiting Braskem.