The Brazilian Federal Revenue Service (“RFB”) recently published RFB Normative Instruction No. 2,195/2024 (“IN 2,195/2024”), which regulates the procedures for enabling and enjoying tax benefits granted under the Emergency Resumption Program of the Events Sector, as modified by Law No. 14,895/2024 (“New PERSE”).
The benefits consist of the reduction to 0% of the IRPJ, CSLL, Contribution to PIS and COFINS rates on the revenues and results obtained by legal entities with the economic activities covered by the new version of the Program – regarding the changes brought by the New PERSE, we suggest the reading our previous alert.
Note 1: it is recommended to check the activities in Annexes I and II and the activities listed in §1 of article 2 of IN 2,195/2024, for adequate inclusion in the new Program.
Check out the material prepared by our Tax team here (available only in portuguese).
