Exclusion of ICMS from the PIS and COFINS Contribution Basis - Judgment of the motions for clarification will take place on April 29

The motions for clarification filed by the Attorney General's Office in RE 574.706 - a case in which the exclusion of the ICMS from the tax base of the Contribution to the PIS and COFINS was defined - has been scheduled for judgment by STF for April 29, 2021.

Considering the potential risk of modulation of the effects of the decision, we reinforce our guidance for taxpayers that still have no ongoing judicial discussion on the matter to file as soon as possible, in order to ensure the use of the credit.

BTLAW's Tax Litigation Team is available to assist you.