ANNOUNCED AS TEMPORARYYes
Tax or social insurance relief
Provisional Measure 843 adopted by the Brazilian Executive on 6 July 2018 and establishing the Rota 2030 program for the automotive sector also includes certain tax benefits for the participating companies. Particularly, the program allows firms to deduct from the Corporate Income Tax and from the Social Contribution on Net Profits (i.e. IRPJ and CSLL by their respective acronyms in Portuguese) up to 30% of the expenditures made in the country and classified as operating expenses related to R&D activities.
The provisions enclosed in this legislation are to be enforced on 1 January 2019, and the removal date has been set at 31 December 2023.
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