A Brazilian federal district court ruled that the government’s tax department can’t include the country’s municipal services tax in calculating two federal taxes owed by companies.
The PIS and Cofins social welfare taxes, totaling 9.25 percent, are charged on revenues and are paid by all companies in Brazil. Tax officials have included the services tax (ISS) in their PIS/Cofins calculations, claiming that service providers routinely incorporate their ISS debts into the prices of their services.
This position, however, was rejected Oct. 7 by the first regional district court, which said that services tax payments are made to municipal governments and ...
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