The National Congress, through the Declaratory Act of the President of the Board No. 26/24, partially rejected MP No. 1,227/24, with regard to (i) the limitation on the offset of PIS and COFINS Contribution credits with debts from other taxes administered by the Federal Revenue of Brazil; and (ii) the revocation of the hypotheses of reimbursement and compensation of presumed credits of these Contributions, originally provided for in arts. 1st, III and IV, 5th and 6th of MP 1,227/24.
Check out the complete material that our Tax team prepared here (available only in portuguese).
