The Brazilian Federal Court of Appeal for the first circuit (TRF-1) cancels Income Tax (IR) charge that had been stalled at the administrative level

3 September 2024

The 8th Panel of the Brazilian Federal Court of Appeal for the 1st circuit (TRF-1) accepted an appeal by Vertical Equipamentos, a Bahia-based company in the cargo transportation and handling sector, and cancelled a tax assessment of BRL 3.7 million related to Corporate Income Tax (IRPJ) and Social Contribution on Profits (CSLL). The reason for the cancellation is uncommon in tax cases: it involved the application of the so-called intercurrent statute of limitation—a legal argument previously thought unlikely to succeed for taxpayers.

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The Brazilian Federal Court of Appeal for the first circuit (TRF-1) cancels Income Tax (IR) charge that had been stalled at the administrative level

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