It has been published that, the latest federal administrative case law and contrasting private rulings issued by different sectors across Brazil on 26 December 2013, the General Coordination of Taxation (COSIT) issued an administrative ruling advising taxpayers and tax auditors on the Corporate Income Tax (CIT) and Pis/Cofins rules applicable to shared services costs and expense apportionment.
The ruling standardizes the Brazilian IRS interpretation of CIT and Pis/Cofins rules applicable for shared services reimbursement.
