On 28 November 2007, an agreement signed between the Brazilian and German governments on the assessment and collection of PIS (Contribuição para o Programa de Integração Social) and COFINS (Contribuição para o Financiamento da Seguridade Social) was published in the Official Gazette.
Law 10,560 of 13 November 2002 established an exemption on PIS and COFINS to Brazilian air transport companies. The same exemption could be granted to foreign companies provided th…