Fact Sheets

List of double taxation conventions (2020): Argentine, Austria, Belgium, Canada, Chile, China, Czech Republic , Denmark, Ecuador, Finland, France, Germany … Read More

Since it is controlled by the Federation, the IPI rate is identical throughout the Brazilian territory, but varies according to … Read More

Conditions: This method is an option for small and medium-sized enterprises. It is easy to apply and the tax rates … Read More

Overview: This profit is the result of consolidated accounting entries, called “Accounting result” adjusted with required additions and deductions (non-deductible … Read More

INTRODUCTION The division of tax authorities between the Federation, the 26 Federal States and the Municipalities is as follows. The … Read More

GENERAL INFORMATION ON THE IOF IOF stands for Imposto sobre Operações Financeiras, and is usually translated as the Tax on … Read More

Since it is controlled by the Municipalities, the rate of Imposto Sobre Serviços (“ISS” or Tax on Services) is variable … Read More

As it is controlled by the Federal States, the rate of Imposto sobre Circulaçao de Mercadorias e Serviços (“ICMS” or … Read More

Overview: The PIS (Program of Social Integration) and COFINS (Contribution for the Financing of Social Security) are federal taxes based … Read More

Conditions: This is a simplified calculation of taxable income. This regime is only possible for companies that do not have … Read More