There are two important taxes in Brazil used to finance the country's social security system: the Contribution Over Income (COFINS) and the Contribution to the Social Integration Program (PIS). These taxes must be paid by all legal entities and are imposed on their revenues resulting from the sale of goods, the provision of services, or both, explains Glaucia Lauletta, of Mattos Filho Veiga Filho Marrey Jr e Quiroga.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The buyout of Hucke and Associates continues Ryan’s streak of firm acquisitions; in other news, a UK appeal against VAT on private school fees was dismissed
A 120-plus-day delay to refunds would cost taxpayers almost $3bn in additional interest, the Cato Institute warned; plus indirect tax updates from February
The Office for Budget Responsibility’s pessimistic pillar two forecast accompanied the UK chancellor’s muted Spring Statement, dubbed ‘as dull as possible’ by one adviser
Digital tax reform is dissolving the old ‘temporal buffer’, forcing systems, institutions, and professionals to adapt as real-time reporting reshapes governance, capability, and compliance
While some believe it could have a positive effect on the wider advisory landscape, others argue that HMRC’s ‘red tape’ exercise won’t deter bad actors