Brazil’s 1% Customs Penalty: What the Repeal Means for Past Assessments
The Brazilian Federal Revenue Service has defined how the repeal of the 1% customs penalty by Complementary Law No. 227/2026 affects pending assessments, amounts already paid, and assessments under challenge.
Government Grants and Interest on Equity: the Effects of the Tax Incentive Reserve under Cosit Tax Ruling No. 134/2026
The Brazilian Federal Revenue Service (RFB) has published Cosit Tax Ruling No. 134/2026, addressing the basis for calculating Interest on Equity (JCP) in light of the tax incentive reserve under Article 195-A of the Brazilian Corporations Law.