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Brazil’s STF Grants Insurers R$5.3 Billion Tax Relief on Technical Reserves

The Supreme Federal Court ruled that PIS/Cofins contributions should not be levied on income from the mandatory financial reserves of insurers.

By Eleanor Shaw

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Brazil’s STF Grants Insurers R$5.3 Billion Tax Relief on Technical Reserves
Source: Nicholas Bittencourt from Niteroi, Brasil / Wikimedia Commons (CC BY-SA 2.0)

The Supreme Federal Court ruled that PIS/Cofins contributions should not be levied on income from the mandatory financial reserves of insurers.

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