![Reintroduction of the CSLL 20% rate for financial institutions and development agencies](https://www.trenchrossi.com/wp-content/uploads/2018/01/Tax-338x134.jpg)
Reintroduction of the CSLL 20% rate for financial institutions and development agencies
On April 28, 2020, the Brazilian Federal Revenue (“RFB”) published Normative Ruling No. 1,942/2020, modifying and including certain provisions to Normative Ruling No. 1,700/2017, in order to provide some guidelines for the application and calculation of the Social Contribution on Net Profit (“CSLL”), based on specific rates, by financial institutions and development agencies, considering the […]