BRAZIL – LAW N ° 13,670 / 18 – INCOME TAX AND SOCIAL CONTRIBUTION (“IRPJ” AND “CSLL”) – COMPENSATION

LAW N ° 13,670 / 18 – INCOME TAX AND SOCIAL CONTRIBUTION (“IRPJ” AND “CSLL”) – COMPENSATION

 

The aforementioned law, published on May 30th, 2018, which had the purpose of compensating the government’s losses with the “diesel” exemption, promoted changes in the tax legislation, among them:

  • the payroll reoneration

 

  • the prohibition of the offsetting of credits of the legal entity with estimated debts of “IRPJ” and “CSLL” calculated in the real profit regime by including IX in § 3⁰ of article 74 of Law No. 9,430 / 96, and;

 

  • “Cofins-Importação” rates increased by 1% in the operations specified in the amendment of § 21, article 8  of Law 10,865 / 04.

 

We emphasize that some of the changes implemented by the norm in question can and should be questioned by taxpayers as they violate constitutional and legal provisions.