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Brazilian Supreme Court Rejects Request to Suspend Earlier Decision that Inclusion of ICMS in PIS/COFINS Basis is Unconstitutional

|Approved Changes|Brazil
Brazil

The Brazilian Supreme Federal Court reportedly issued a decision on 10 April 2018 rejecting a request from the National Treasury to suspend an earlier decision on the constitutionality of the inclusion of state value added tax (ICMS) in the basis for calculating the Contribution for the Social Integration Program (PIS) and the Contribution for the Financing of Social Security (COFINS) ({News-2017-03-21/A/4-previous coverage}). In the earlier decision, the Court found the inclusion of ICMS to …

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