- Relevant tax legislation was published in Brazil on 29 December 2023.
- Complementary Law No. 204/2023 adjusts the levy of ICMS on the transfer of goods between establishments of the same legal entity.
- Provisional Measure No. 1.202/2023 changes social security benefits on payroll and provides new rules for offsetting tax credits.
- Normative Ruling RFB 2.168/2023 disciplines the incentivized self-regularization of taxes handled by the Brazilian Internal Revenue Service.
- Complementary Law 204/23 ensures the nontaxation of ICMS on transfers to the establishment of the same legal entity and allows for the retention of tax credits.
- Provisional Measure 1202/23 creates a new benefit for the reduction of social security contribution rates on payroll and revokes the benefits of the CPRB.
- The new benefit provides reduced CPP rates for companies listed in Annexes I and II of the MP.
- The rates will be applied to the insured’s contribution salary up to the value of one minimum wage.
- The Provisional Measure also establishes a monthly limit for offsetting tax credits arising from a final court decision.
Source: insightplus.bakermckenzie.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
