Why real estate activities should be exempt from PIS/COFINS

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.