RIO DE JANEIRO, BRAZIL - The Senate on Tuesday, June 22, approved the Provisional Measure increasing taxation on bank profits, reducing tax benefits for the chemical industry and removing the exemption on fuels and derivatives in the Manaus Free Trade Zone (MP 1.034/2021). It also revises the distribution of revenues from sports lotteries.
The Senate introduced changes to the draft, which will return to the Chamber of Deputies. The Provisional Measure must be approved by June 28 to remain valid.
The bill is intended to offset the reduction in the tax rates on diesel oil and cooking gas. In . . .
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STJ DECIDES THAT COMPANIES ON THE PRESUMES PROFIT CANNOT DEDUCT
FROM THE GROSS REVENUE THE REIMBURSEMENT OF MATERIALS FOR
CONSTRUCTION
The 1st Panel of the STJ, in the judgment of REsp 1,421,590 /
RN, ruled that the taxpayer cannot deduct from the gross revenue,
for purposes of calculating the IRPJ and CSLL (corporate taxes)
under the presumed profit, the amounts related to the reimbursement
of materials for civil construction. In the Court s view, the
presumed profit is an optional regime, which already considers all
expenses and costs, by applying the statutory presumed profit