Brazil — Historical Events Description

Brazil flag
Brazil
Event
PIS/COFINS Calculation Rules Changed
Category
Economic
Date
1998-11-27
Country
Brazil
Description

Brazil enacted Law No. 9,718, which changed federal tax rules, including key provisions for PIS/PASEP and COFINS. The law set how these contributions are calculated for private legal entities. This uses the company’s revenue (faturamento) as the base within the law’s framework. It became a major reference point in Brazil’s tax system and later legal debates about the contribution base.