Brazil Senate Considers Bill to Provide Tax Exemption for Recycling Companies

The Brazilian Senate Sept. 26 accepted for consideration Draft Law No. 2522/2022, to grant exemptions from the social security contribution (COFINS) and social integration contribution (PIS/PASEP) requirements for recycling operations. The bill includes measures to: 1) grant exemptions for the sale of recyclable materials to companies; and 2) allow a corresponding credit for recyclable materials resold and reused as inputs in products or services. [Brazil, Senate, 09/26/22]

Reference: View Text of Draft Law No.2522/2022. View Legislative History of Draft Law No.2522/2022. View Announcement.