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What is Corporate Tax Overview in Brazil about?

Corporate income taxes in Brazil include a 15% corporate income tax (IRPJ) and a social contribution tax (CSLL) of 9% for most entities and 20% for financial institutions. Resident companies are taxed on worldwide income, while foreign companies are only taxed on Brazilian-source income. Taxable income is based on operating profits and can be calculated using an actual income (Lucro Real) or deemed income (Lucro Presumido) method. Losses can be carried forward indefinitely but are limited to offsetting 30%

Author

Giulia Campos

Language

EN