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Brazil’s Supreme Court concludes discussion on the inclusion of ICMS in the PIS/COFINS taxable basis

The Full Bench of the Brazilian Federal Supreme Court (STF) ruled, on March 15 2017, that the inclusion of the state VAT (ICMS) on the social contributions on gross revenue (PIS and COFINS) taxable basis is unconstitutional (Extraordinary Appeal 574706).

Source: internationaltaxreview.com

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