Brazil has announced the conclusion of the Emergency Program for the Resumption of the Events Sector (PERSE) through RFB Executive Declaratory Act No. 2 of 21 March 2025, which was published in the Official Gazette.

The PERSE program, established by Law No. 14.148 on 3 May 2021, supports event sector companies impacted by COVID-19. It provides 60-month exemptions from corporate income tax (IRPJ), social contribution on net profit (CSLL), and social contribution on gross revenue (PIS and COFINS).

Additionally, a benefit cap of BRL 15 billion was set for April 2024 to December 2026, and the cap was reached in March 2025. As a result, the PERSE program will conclude in April 2025.

The Executive Declaratory Act shall come into force on the date of its publication in the Official Gazette.