PERSE: benefits for events sector have been extended

New edition of the program benefits 30 business activities and reinstates taxes for companies under the actual and arbitrated profit regimes starting 2025

On May 23,  Law No. 14,859/2024 was issued, extending the tax benefits of the Emergency Program for the Resumption of the Events Sector (PERSE) until 2026.

The act has repealed portions of Provisional Presidential Decree No. 1,202/2023 that had scheduled the end of the initiative, and allows for the offsetting or reimbursement of taxes paid under that assumption.

Enacted in 2021 to help industries affected by the Covid-19 pandemic, PERSE eliminates PIS, COFINS, CSLL, and IRPJ rates for certain activities.

Additionally, the program provides for the renegotiation of tax and non-tax liabilities, including those related to the Employees’ Severance Indemnity Fund (FGTS), by means of settlement agreements.

Eligible sectors

The number of economic activities benefiting from the program has been cut down from 45 to 30.

Check out which segments are covered in this new edition of the program and their respective codes in the Brazilian National Classification of Economic Activities (CNAE):

Activities no longer covered by the program include: production of advertising films, passenger transportation services, collective road transportation, cabotage and long-haul maritime transport for passengers, waterway transport for tourist tours and museum attractions.

Resumption of corporate taxes for companies taxed on actual and arbitrated profit in 2025

Also worth mentioning is that tax rates will remain at zero for all companies covered by the program only during 2024.

Starting next year, the Corporate Income Tax (IRPJ) and the Social Contribution on Net Income (CSLL) will be levied again for companies taxed on actual or arbitrated profit. Companies under the presumed profit regime will remain exempt until 2026.

Deadlines and conditions for joining the program

To regulate the law, the Federal Revenue Service published RFB Normative Ruling No. 2,195/2024, detailing the rules for applying to the new edition of the program.

Applications must be made through the e-CAC system between June 3 and August 2, 2024, and require the submission of the entity's articles of incorporation and the provision of other information on the form.

The company must also be registered in the Electronic Tax Domicile (DTE), have its Corporate Registration Number (CNPJ) in good standing, be compliant with its tax obligations, and provide proof of absence of impeding sanctions.

Specialized tax consultancy

DPC has a specialized team in tax consultancy that advises companies on the best tax practices. For more information, please contact us at: dpc@dpc.com.br.