Gabriel Caldiron Rezende and Thiago Nunes Faulin of Machado Associados discuss the consequences of the ruling that denies PIS and COFINS credits related to products subject to the one-time charge system.
On April 27 2022, the Brazilian Superior Court of Justice (STJ) ruled in Special Appeal 1.894.741 against the booking of PIS and COFINS credits on the acquisition of goods for resale subject to the one-time charge system (incidência monofásica). The case was judged under the repetitive appeals system, and its conclusions bind the lower courts.
Source International Tax Review
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