IOF and CSLL rate increased, PIS and COFINS modified

As the Constitutional Amendment Bill providing for the extension of the provisional tax on financial transactions (CPMF) was not approved by Congress, the government had to find other means to recover the loss of tax revenue. As part of the measures taken by the government, Decree No. 6,339 and Provisional Measure 413 were issued by the Brazilian government to increase the rates of …
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