Brazil Provides Opportunity to Regularize PIS and COFINS Contribution Discrepancies

Brazil's Federal Revenue Service has announced a temporary opportunity for legal entities to regularize discrepancies in their social contributions on gross revenue (PIS and COFINS). This follows a digital audit that identified discrepancies totaling nearly BRL 300 million between the amounts declared and the actual amounts calculated as payable for more than 3,000 taxpayers. The deadline for regularization is 30 October 2026. After this date, taxpayers that still have discrepancies will be …