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  • Program comes into force that exempts the events sector to combat the crisis caused by the pandemic

On March 18, an extra edition of the Official Gazette of the Union (DOU) published the promulgation of the vetoed parts of Law No. 14,148/2021, which established the Emergency Program for the Resumption of the Events Sector – PERSE, essential for the resumption of the segment most impacted by the coronavirus pandemic.

With this, the proposed tax relief for companies in the sector came into force, with exemption from taxes such as PIS/Pasep, Cofins, Social Contribution on Net Profit (CSLL) and Corporate Income Tax (IRPJ), for 60 months.

It is worth noting that the beneficiaries of the exemption will be determined exclusively based on the National Classification of Economic Activities (CNAE) codes of legal entities.

It is essential that the first procedure is to consult experts on the subject before making any decision. No main or ancillary tax obligation should not be fulfilled without a technical opinion from a trusted professional or motivated by a court decision (with or without judicial deposit), tax consultation, tax accounting provision, or specific pronouncement from the Brazilian Federal Revenue Service (RFB).

Therefore, we are available to analyze the impacts of the new law and help you implement whatever is necessary.

https://bit.ly/3JAnHss

Bruno Lacerda and Marcela Guerra | Tax Team

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