The Chamber of Deputies approved this Thursday a provisional measure (MP) that modifies the rules for fixing the prices used in transactions between related companies, informed the Câmara de Notícias agency.
Also looked after by the government of former President Jair Bolsonaro, the deputy aims to adapt national standards to those practiced by the Organization for Economic Co-operation and Development (OECD), said Agência Câmara. The MP would also aim to avoid strategies to reduce the payment of taxes on transactions between companies based in Brazil and other companies related to them abroad.
Among other things, the text modifies the legislation on corporate income tax (IRPJ) and on social contributions to net income (CSLL).
The deputy now goes to the Senate.
(Reuters newsroom)
Source: Terra
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