2017-12-29 09:58:02 - 8
CBR monitors: PIS and COFINS reform proposal will not apply to the service sector
After national mobilization, the government changed the proposal and decided that the service sector will continue in the cumulative regime of the two taxes, paying a percentage on revenue without the use of credits. The changes will apply only to the industry, which already pays the two taxes in the non-cumulative regime, that is, with a discount on credits from previous stages of production. Despite the positive aspect of the measure, it is necessary to monitor developments. The Government considers making the changes to the PIS/COFINS in stages, without changes in the sectors of the cumulative regime, to avoid a negative impact on services. However, it does not make it clear whether all sectors that include services will not be affected. The National Mobilization against the PIS/COFINS Reform was broad and several categories were with authorities dealing with the issue at the end of last year. Those involved in the movement reinforce the importance of keeping parliamentarians aligned so that they point out to the Government the impertinence of any measure that results in a tax increase and harms the recovery of jobs.