Provisional Measure excluding ICMS from the PIS and COFINS credit base comes into effect
Published on 12/01/2023, Provisional Measure No. 1,159/2023 establishes that taxpayers must exclude the ICMS levied on acquisition transactions from the PIS and COFINS credit calculation base when recording the respective credits. It is noteworthy that, in compliance with the ninety-day rule (principle of noventena), the said regulation established that the change would only take effect […]
