Brazilian Federal Supreme Court Holds Inclusion of ICMS in CPRB Basis is Constitutional

The Plenary of the Brazilian Federal Supreme Court came to a decision on 23 February 2021 that the inclusion of the state value added tax (ICMS) in the basis for calculating the social contributions on gross income (CPRB) is constitutional. This is counter to an earlier decision that the inclusion of ICMS in the calculation base of the contribution to the social integration program (PIS) and th…
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