Brazil Tax Agency Seeks Comments on Draft Amendment to Normative Instruction on Additional CSLL Rules

The Brazilian Federal Revenue Office Aug. 28 opened a public consultation on a draft amendment to Normative Instruction RFB No. 2,228/2024, which regulates the calculation and collection of the additional social contribution on net income (CSLL). The draft amendment includes measures to specify: 1) the accounting standard to be adopted in cases where entities aren’t taxed on actual profits; 2) the duplicate and improper use of Income Tax Withheld at Source (IRRF) relating to equity interests; 3) the potential for constituent entities to track tax liabilities in an aggregated manner for recapture purposes; and 4) the allocation of current covered ...