The Internal Revenue Service (IRS) will start the 2022 tax season on 01/24. Warnings have already been issued for taxpayers to prepare for delays, due to the large accumulation of unprocessed statements during the Coronavirus pandemic period. The National Taxpayer […]
The Normative Instruction (IN) of the Federal Revenue No. 2060/2021, which will come into force on January 1, 2022, comprises the Income Paid and Withholding Income Tax Statement. Regarding the Income Statement, the IN informs that “the individual or legal […]
It was published by the Taxation Division (“DISIT”) of the Federal Revenue Service (“RFB”) to DISIT Answer to Advance Tax Ruling Request (“SC DISIT”) no. 4.028, in answer to challenge by taxpayer that operates in the cars resale management software […]
Learn about the investment possibilities in Brazil and what some technical terms such as ‘hard fork’ and ‘airdrop’ mearn Since the emergence of Bitcoin in 2009, cryptocurrencies have achieved increasing success on the global financial scene. In Brazil, the cryptocurrency […]
Currently, the Internal Revenue Service (IRS) does not have an internal policy on the taxation of all cryptocurrencies per se, but rather on the so-called virtual currencies, which, according to the definition of IRS itself, are any representation of a […]
Some companies have succeeded in getting permission from the courts to collect a fixed amount of ISS, through a professional society, which are formed by a group of professionals who share a common function. According to Decree Law No. 406, […]
In March 2017, the Federal Supreme Court (“STF”) ruled on Extraordinary Appeal (“RE”) No. 574,706, which established the unconstitutionality of the inclusion of the Tax on Circulation of Goods and Services (“ICMS”) in the calculation basis of the contribution to […]
Starting on the 1st of July 2021, all fiscal auditors for Brazil’s Federal Revenue (“RFB”) began to follow the new position set out in COSIT Consultation Solution No. 115/2021 (“SC”) regarding the exemption from Income Tax (“IR”) on gains arising […]
On the 1st of July 2021, the law dealing with the economic and market nexus regarding sales tax (Senate Bill 50 – S.B.50) came into force. The state of Florida was one of the last states to enact a law […]
By issuing the Private Letter Ruling No. 98 of June 21st, 2021 (“PLR 98/21”), the Brazilian Revenue Service brought some good news for taxpayers regarding donations of shares in fixed maturity mutual funds treated as inheritance advancement, as well as […]