STF removes presumptive credit from ICMS from PIS/Cofins calculation base
Decision will impact federal government accounts by R$ 16 million
TL;DR
- The STF ruled that presumptive ICMS credits are not subject to PIS and Cofins taxation.
- This decision will have a financial impact of R$ 16 million on the federal government.
- The court determined that presumptive credits are not part of companies' revenue or turnover.
- This ruling applies to all current legal proceedings related to this issue.
- The STF denied an appeal from the federal government, upholding a previous ruling by TRF4.