Brazil’s tax authority has announced on 4 November 2024 that it has extended the public consultation period regarding Normative Instruction No. 2.228 of October 3, 2024 which regulates the Additional Social Contribution on Net Profit (CSLL), introduced by Provisional Measure No. 1.262 on October 3, 2024.
As per the announcement, the consultation period for the Normative Instruction has been extended from 10 November 2024 to 29 November 2024.
As previously reported, the additional CSLL Surcharge, established by Provisional Measure No. 1,262 of 3 October 2024, is one of the measures adopted in adapting Brazilian legislation to the Global Rules Against Base Erosion – GloBE Rules.
Brazil enacted Provisional Measure No. 1.262 of October 3, 2024, and Normative Instruction No. 2.228 of October 3, 2024, to introduce an Additional Social Contribution to Net Profit (CSLL). Â It was designed to fulfill the criteria of a Qualified Domestic Minimum Top-up Tax (QDMTT) under the Pillar 2 global minimum tax regulations.
The Provisional Measure and the Normative Instruction are set to take effect on 1 January 2025.
