MP 1185/2023 brings rules and guidelines for Tax Credit on Investment Subsidies given by Union, State and Municipal entities
By Leopold Koenig and Paulo Cunha
The Federal Government published last Thursday (31/08) MP 1185/2023 which brings rules and guidelines for Tax Credit on Investment Subsidies, with the aim of implementing or expanding the economic enterprise, given by the Union, States and Counties.
According to the Federal Government, the MP aims to comply with the decision of the Federal Supreme Court (STJ) on the inclusion of tax credits in the Income Tax (IRPJ) and Social Contribution (CSLL) calculation base, to correct tax distortions and thus reflect greater legal certainty on the topic.
Taxpayers taxed under the Real Profit calculation regime, who are interested in taking advantage of tax credits, based on the MP, must register with the Federal Revenue Secretariat, observing the act of granting the subsidy.
It is important to highlight that the MP comes into force on the date of publication and needs to be voted on and turned into law within four months.
We understand that the MP came to provide clarity on some aspects, regarding the tax perspective, of investment subsidies. And when correct strategic planning is carried out, it can be an important ally in the economic scenario of companies!
Are you up to date with this news? TATICCA has excellent specialists who can help your company understand and apply such credits in your operation.