Brazil: Admissible and inadmissible taxes
Admissible for unilateral relief
Income tax (imposto de renda).
State income taxes (imposto de renda estadual).
Corporate income tax (imposto de renda das pessoas juridicas).
Payments to the following development funds
Programa de Integracao National (PIN),
Fundacao Movimento Brasiliero de Alfabetizacao (MOBRAL).
Withholding tax imposed on income including tax charged on gross receipts, interest, royalties or dividends and the supplementary tax charged on dividends remitted abroad in excess of 12 per cent registered capital.
Social contributions tax (contribuicao social).
Additional tax on the income tax.
2 per cent municipal tax on services (imposto sobre servicos de qualquer natureza).
Payments to the following development funds:
for the North East (SUDENE and FINOR),
for the Amazon (SUDAM and FINAM), for the sectorial investment funds (SUDEPE and FISET). Payments to Empresa Brasileira de Aeronautica (EMBRAER).
8 per cent withholding tax on the net income of corporate entities. (If the 8 per cent withholding tax is offset against the 25 per cent withholding tax payable on a dividend to a non-resident shareholder, credit is available for the net amount actually paid and the 8 per cent set-off).
Tax on financial transfers (imposto sobre operacoes financiaras).
Programa de Integracao (PIS) (1989 onwards).
Contributions to the Social Investment Fund (FINSOCIAL).
Contribuicao para o Finaciamento da seguridade social (COFINS).