Taxation - Pinheiro Neto Advogados

Taxation
July 2015 – Extraordinary Edition
CONFAZ Convention reduces the ICMS tax base and offers an ICMS tax amnesty
on trades in electronic files, apps and software
ICMS Convention 181 issued by the National
Council for State Treasury Policies (CONFAZ)
was published earlier today, authorizing the
Brazilian states of Acre, Alagoas, Amapá,
Amazonas, Bahia, Ceará, Goiás, Maranhão,
Mato Grosso do Sul, Paraná, Paraíba,
Pernambuco, Piauí, Rio de Janeiro, Rio Grande
do Norte, Rio Grande do Sul, Santa Catarina,
São Paulo and Tocantins to grant a reduction
in the ICMS tax base so that the ICMS
taxation may equal at least 5% of the
transaction value for commercial off-the-shelf
software, computer programs, electronic
games, apps, electronic files and similar items,
even if they have been or may be customized,
and made available by any means, including
for transactions carried out via electronic data
transfer. Further, ICMS Convention 181
authorized those Brazilian states not to
enforce all or any portion of ICMS tax liabilities
(already assessed or not), including the
corresponding interest and fines, in connection
with the aforementioned transactions occurred
until the effective date of said Convention.
ICMS Convention 181 is yet to be confirmed
and regulated by each of those Brazilian states
so that the CONFAZ authorizations may be put
in place.
Taxation is a monthly newsletter prepared by the tax team of Pinheiro Neto Advogados.
Tax Partners:
São Paulo: Sérgio Farina Filho, Marcelo Mazon Malaquias, Ricardo Luiz Becker, Luciana Rosanova
Galhardo, Mauro Berenholc, Eduardo Carvalho Caiuby, Luiz Roberto Peroba Barbosa, Tércio
Chiavassa, Marcelo Marques Roncaglia, Giancarlo Chamma Matarazzo, Flávio Veitzman and Jorge N.
F. Lopes Jr.
Rio de Janeiro: Carlos Henrique T. Bechara, Marcos de Vicq de Cumptich and Emir Oliveira.
Acknowledgements: Luiz Roberto Peroba Barbosa e Rodrigo de Sá Giarola contributed to this
Taxation issue.
This newsletter was prepared as a source of information and debates only, and should
not be construed as a legal opinion on any specific transaction or business.
© 2015 Pinheiro Neto Advogados. All rights reserved
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TAXATION is a monthly newsletter prepared by the
tax team of PINHEIRO NETO ADVOGADOS,
consisting of 16 partners, 4 counsels, 59 associates
and 37 trainees.
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