On 20 December 2022, the Brazilian tax authorities issued a normative ruling (NR 2,121/22), which consolidates and provides new rules on the calculation, collection, audit, and administration of federal gross revenue taxes (PIS and COFINS). NR 2,121/22 consists of 811 articles and 25 annexes covering several topics, revokes various other provisions (including NR 1,911/19, which was the prior NR that consolidated the PIS and COFINS rules), and incorporates certain positions taken by the superior courts and federal tax authorities. The rules in NR 2,121/22 are effective as from 20 December 2022.
Source Deloitte
