Fact-checking STJ ruling does not impose taxes on individual income tax refunds

Coordinator Gustavo de Toledo Degelo commented to Reuters on the STJ decision that upheld the levying of PIS and COFINS on the corrected amounts of taxes returned to taxpayers.

“It was already an understanding unfavorable to the taxpayer and favorable to the tax authorities that the STJ decided to unify and standardize in order to leave no doubt. The STJ maintained its understanding and now other judges must apply this STJ decision: PIS and Cofins are levied on the Selic portion of the amounts returned to the taxpayer,” said Degelo.

Read the full article and commentary at https://www.reuters.com/fact-check/portugues/TQQDHGWQLBIIDL5YHVICLP7XC4-2024-06-27/

Related publications

Due diligence in M&A operations: understand what the importance is for buying and selling companies

Due diligence is an absolutely indispensable market practice in merger, acquisition, spin-off, or incorporation processes, as it allows, with total transparency, to know in depth the real situation of the company in question, the advantages and risks associated with a possible decision. It is an essential audit process to re-evaluate the transaction of purchase, sale and corporate reorganizations, through the analysis of the target company’s strengths and weaknesses.  This audit is also responsible for reviewing the practices and routines of the audited company in the…

Inheritance Income Tax? Yes, you read that right!

In a commentary for It’s Money, lawyer Marina Chaves talks about the recent decision by the Federal Supreme Court (STF) which has a significant impact on estate and succession planning for Brazilian families, in an article by Robson Tavernard, partner at Blue3 Investimentos. “The STF’s validation of the joint collection of IR and ITCMD represents a significant increase in the tax burden on inheritances, requiring even more detailed and strategic planning to protect family assets,” says Marina, who highlights the increased complexity and tax burden…

Brazilian legal publication highlights Briganti Advogados as an admired law firm in the São Paulo region

We are recognized by the national publication Análise Advocacia Regional, which highlights law firms that perform outstandingly in their region.    In 2022, the publication Análise Editorial highlighted Briganti Advogados in the list of the most admired law firms, with comprehensive practice, in the São Paulo region. Análise Editorial is the most important institution in Brazil dedicated exclusively to reputation research in the legal market.  The survey takes into consideration the opinion of 1,041 legal and financial officers of the largest companies that move the…