The Brazilian Official Gazette Oct. 5 published a consultation solution clarifying that companies can claim credits on construction expenses for buildings and improvements owned by the taxpayer or used in the taxpayer’s business activity, under the non-cumulative regime for: 1) social security contributions (COFINS); and 2) social integration contributions (PIS/PASEP). [Brazil, Official Gazette, 10/05/18]
Reference:
View Consultation Solution No. 99.014, Official Gazette No. 193. View Official Gazette No. 193 of 10/05/2018.
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