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 […]
Following the Supreme Federal Court (STF), CARF removes the 50% fine for unapproved tax offsets.
By unanimous decision, the 1st Panel of the 2nd Chamber of the 1st Section of the Administrative Council of Tax Appeals (CARF) dismissed the standalone 50% fine on the tax credit amount subject to unapproved compensation. The case is filed under number 11080.728627/2018-30. The ruling was also applied to cases 11080.728683/2018-74, 11080.729014/2018-10, 11080.729279/2018-18, 11080.729385/2018-00, and […]
Customs Law: Ordinance establishes dollar exchange rate for qualification in Radar Siscomex
The recently published Coana Ordinance No. 115/2023 sets the average dollar exchange rate at R$ 4.6638 for calculating the estimated financial capacity of taxpayers who, in 2023, file administrative proceedings for the purposes of qualification/review of the estimate in the Registration and Tracking of Customs Brokers’ Activities (RADAR) system. The recently published Coana Ordinance No. 115/2023 sets the […]
