BRAZIL-PIS-COFINS

Brazil PIS/Cofins federal revenue contribution.

Definition

PIS/Cofins regimes: Cumulative (lucro presumido, faturamento <BRL 78M/year, PIS 0.65% + Cofins 3% = 3.65% without input credits deduction), Non-cumulative (lucro real, PIS 1.65% + Cofins 7.6% = 9.25% with input credit deduction: raw material purchases, energy, telecom, asset depreciation). Substituicao Tributaria (specific regimes food, medicines, autos). Importation: PIS 2.1% + Cofins 9.65% (importation regime). Declaration: monthly EFD-Contribuicoes via SPED, ICP-Brasil signed XML. Tax Reform 2025-2033: PIS/Cofins will be progressively replaced by federal CBS (Contribuicao sobre Bens e Servicos) + unified state/municipal IBS (Imposto Bens e Servicos).

Origin

PIS Lei Complementar 7/1970 ; Cofins Lei Complementar 70/1991 ; non-cumulative regime reform PIS Lei 10637/2002 Cofins Lei 10833/2003 ; EFD-Contribuicoes January 2012 ; tax reform CBS/IBS Emenda Constitucional 132/2023.

Example in context

Petrobras (Brazil oil) in non-cumulative regime files PIS 1.65% + Cofins 7.6% = 9.25% on its ~BRL 600 billion annual revenue, deducts refining purchase and oil services credits ; monthly EFD-Contribuicoes filing.

Related terms

• EFD-Reinf — other SPED obligation.