Provisional Measure establishing the CSLL Additional is extended

Issued on November 28, the Act 117 CN/2024 extended for 60 days Provisional Measure 1.262/2024, which, among other provisions, establishes the Additional on the Social Contribution on Net Profit (CSLL) as part of the adaptation of Brazilian legislation to the Global Anti-Base Erosion Rules – GloBE Rules.

With this regulation, large multinational groups in Brazil – those with annual revenues of 750 million euros or more in the consolidated financial statements of the ultimate investor entity for at least two of the four fiscal years immediately preceding the year under review – will be subject to a minimum effective taxation of 15% on CSLL (Social Contribution on Net Profit), starting from January 1, 2025.

A multinational group is defined as one that has controlled or affiliated entities in different countries, subject to different tax regimes. According to the government, the measure applies to around 290 groups operating in Brazil.

Read more: CSLL Surtax: Provisional Measure establishes a minimum taxation of 15% on multinational profits

It is worth noting that the Provisional Measure has already been regulated since the issuance of RFB Instruction No. 2,228/2024 in October.

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