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Commentary

Tax on expenditure: PIS and COFINS (Brazil)


4 Brazil

A legal entity may deduct credits calculated in relation to the following:

  1. Ìý

    •ÌýÌýÌýÌý Goods purchased for resale, except in relation to goods and products that are exempt or taxed at a zero rate.

  2. Ìý

    •ÌýÌýÌýÌý Goods used as input in the provision of services and in the production or manufacture of goods or products intended for sale, including fuels and lubricants.

  3. Ìý

    •ÌýÌýÌýÌý Electric energy and thermal energy, including in the form of steam, consumed in the legal entity's establishments.

  4. Ìý

    •

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