Post by account_disabled on Mar 13, 2024 3:44:57 GMT -5
It is worth saying despite deferring the setting of criteria for the future the law anticipates the guidelines that will guide the regulation. The social bias is revealed by the fact that the law provides that the normative act establishes the criteria and measures intended to encourage the development of projects that provide relevant environmental or social benefits.
Projects involving the priority sectors listed in the regulations will waive the requirement for prior ministerial approval.
Substantially the focus is the tax incentive CG Leads authorizing differentiated deduction for of implementing projects in the area of ​​infrastructure in areas considered priority in the event that they are financed through the issuance of infrastructure debentures.
Until then the legislation only provided for the issuance of incentivized debentures which are debt securities issued in accordance with the rules established by Law No. and which grant individuals exemption from income tax on the income generated by these securities and for legal entities at a rate of in order to attract investments to finance projects that contribute to the development of infrastructure in Brazil. Incentivized debentures grant tax benefits to the purchaser of the security especially individuals.
The legislative proposal for the creation of infrastructure debentures is to boost the debentures market also conferring benefits on the debt issuer who can: deduct for the purpose of calculating net profit the amount corresponding to the sum of interest paid or incurred under the terms permitted by income tax and Social Contribution on Net Profit CSLL legislation; and exclude when determining the real profit and the CSLL calculation basis the value corresponding to of the sum of interest relating to the debentures in question.
Taxation on income will follow the rates set for fixed income and considered an advance on IR in the case of legal entities taxed based on real presumed or arbitrated profit and subject to definitive taxation in the case of individuals and legal entities opting for Simples National or exempt.
The zero rate in the case of infrastructure debentures benefited financial institutions including insurance pension capitalization companies among others. The expectation is that the tax benefit will encourage issuers to offer more attractive interest rates a measure also designed to attract other players such as pension funds.
Projects involving the priority sectors listed in the regulations will waive the requirement for prior ministerial approval.
Substantially the focus is the tax incentive CG Leads authorizing differentiated deduction for of implementing projects in the area of ​​infrastructure in areas considered priority in the event that they are financed through the issuance of infrastructure debentures.
Until then the legislation only provided for the issuance of incentivized debentures which are debt securities issued in accordance with the rules established by Law No. and which grant individuals exemption from income tax on the income generated by these securities and for legal entities at a rate of in order to attract investments to finance projects that contribute to the development of infrastructure in Brazil. Incentivized debentures grant tax benefits to the purchaser of the security especially individuals.
The legislative proposal for the creation of infrastructure debentures is to boost the debentures market also conferring benefits on the debt issuer who can: deduct for the purpose of calculating net profit the amount corresponding to the sum of interest paid or incurred under the terms permitted by income tax and Social Contribution on Net Profit CSLL legislation; and exclude when determining the real profit and the CSLL calculation basis the value corresponding to of the sum of interest relating to the debentures in question.
Taxation on income will follow the rates set for fixed income and considered an advance on IR in the case of legal entities taxed based on real presumed or arbitrated profit and subject to definitive taxation in the case of individuals and legal entities opting for Simples National or exempt.
The zero rate in the case of infrastructure debentures benefited financial institutions including insurance pension capitalization companies among others. The expectation is that the tax benefit will encourage issuers to offer more attractive interest rates a measure also designed to attract other players such as pension funds.