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Government Restricts Compensation of PIS and COFINS Credits on Gross Revenues

  • Government has imposed limits on compensation of contributions on gross revenues
  • Specifically for PIS and COFINS credits
  • This will impact how businesses can offset these contributions against their gross revenues
  • The new limits may affect the financial planning and operations of companies
  • Companies will need to adjust their strategies to comply with the new regulations.

Source: research.ibfd.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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