On April 27 2022, the Brazilian Superior Court of Justice (STJ) ruled in Special Appeal 1.894.741 against the booking of PIS and COFINS credits on the acquisition of goods for resale subject to the one-time charge system (incidência monofásica). The case was judged under the repetitive appeals system, and its conclusions bind the lower courts.
PIS and COFINS are contributions levied on the revenues earned by legal entities, calculated with a total rate of 9.26% under the non-cumulative system, and 3.65% under the cumulative system.
Background to the case
