On 26 November 2019, the Tax Policy Committee published Resolution CPT-RES-2019-005 regarding the application of tax incentives in case of micro and small enterprises, which entered into force on the similar day of its publication in the Official Gazette. The Resolution builds a process for the application of the reduction benefit of 3% points in the income tax rate for micro and small businesses and also for regular exporters. At the time of filing the Income Tax declaration, the Internal Revenue Service (SRI) will authorize the categorization by means of the information provided by the taxpayer in its declaration, with which the system will allow the beneficiary to directly apply the rate reduction.
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Brazil: Tax Dispute Resolution Peer Review Report
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