Provisional Measure No. 627, Of November 11, 2013

Original Language Title: Medida Provisória nº 627, de 11 de novembro de 2013

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.

PROVISIONAL MEASURE NO. 627, OF November 11, 2013

Changes the federal tax legislation concerning the Income Tax of Legal Persons-IRPJ, to the Social Contribution on Net Profit-CSLL, to the Contribution to PIS/PASEP and the Contribution to the Financing of Social Security-COFINS; repeal the Transitional Tax-RTT Regime, established by Law No. 11,941 of May 27, 2009; provides on the taxation of the legal person domiciled in Brazil, with respect to the equity addition arising from participation in profits earned abroad by controlled and collected and from profits earned by physical person resident in Brazil through controlled legal person on the outside; and gives other arrangements.

(Published in the Official Journal of the Union of November 12, 2013, Section 1)

No art. 92, in the part that alters the § 7th of the art. 40 of Law No. 12,865 of October 9, 2013,

where you read:

" § 7º The values corresponding to fine, of mora or of trade or insulated, to moratory interest and up to thirty per cent of the value of the principal of the tribute, including relative to debts enrolled in active debt, of the remainder to be paid in monthly installments to which it refers to inciso II of the caput, may be settled with the use of tax and basic injury credits of negative computation of the Social Contribution on the Own Net Profit and of controlling and controlled companies on December 31, 2011, domiciled in Brazil, provided that they remain in this condition up to the date of the option by the parceling. "

Read:

" § 7º The values corresponding to fine, of mora or of offending or insulated, to moratory interest and up to thirty percent of the value of the principal of the tribute, including relative to debit enrolled in active debt and the remainder to be paid in monthly installments to which it refers to inciso II of the caput, may be settled with the use of tax and negative calculation basis claims of the Social Contribution on the Net Profit own and from controlling and controlled companies on December 31, 2011, domiciled in Brazil, as long as they remain in this condition until the date of the option by the parceling. "

Attachment (s)
Attachment (s)