Brazilian Federal Revenue Service narrows the base for calculating Interest on Equity by subordinate regulation
The Brazilian Federal Revenue Service (RFB) issued Tax Directive 2,201/24 to implement the new rules on Interest on Equity (JCP) introduced by Law 14,789/23 (Subsidies Law). The Directive identifies which shareholders’ equity accounts may, or may not, be used to calculate JCP. Interest on Equity is a form of shareholder remuneration available to companies taxed […]