Brazil Gazettes Decree Reducing Various Tax Incentives, Benefits

The Brazilian Official Gazette Dec. 30, 2025, published Decree No. 12,808, reducing various tax incentives and benefits. The decree includes measures: 1) reducing the tax incentives and benefits for specified federal taxes, including social security contributions (COFINS), social integration contributions (PIS/PASEP), corporate income tax (IRPJ), social contributions on net income (CSLL), import tax, tax on industrialized products (IPI), and employer social security contributions; 2) replacing exemptions or zero rates with a new rate at 10 percent of the standard tax rates; 3) limiting reduced rates, calculation basis reductions, and credits to 90 percent of their original value; 4) applying a ...