PAYMENTS FOR COMMERCIAL EXPLOITATION OF COPYRIGHTS CAN BE FULLY DEDUCTED FOR IRPJ PURPOSES
The Brazilian Federal Revenue Service, through the Cosit Consultation Solution No. 64/2021, decided that the payments made for the commercial exploitation of copyrights can be fully deducted as an operating expense for Income Tax purposes. According to the understanding of the tax authorities, the limit of up to 5% of net revenue for IRPJ deduction […]