An overview on Brazilian Tax Species

 

§69.

 

COFINS

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Contribution for the Funding of Social Security

 

According to the Law 10.833/2003, this is a non cumulative tax, that has its calculation basis as the montly gross revenue of the legal entity, being the percentage since 7,6% until 0%, e.g., in the case of pharmaceutics and chemistry products, which ones can have until 0% of rate by decision of the Executive Power. In some situations also can be used credits to decrease the end rate.

 

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CONTACT for legal advice

 

Rafael De Conti, Rafael Augusto De Conti, Brazilian Tax Lawyer, Lawyer in Brazil