The Brazilian Supreme Court issued a decision on 12 February 2020 concerning the exemption from the contributions for the Social Integration Program (PIS) and the Financing of Social Security (COFINS) on export income.
Under Brazil's Federal Constitution, income derived from exports is not subject to PIS/COFINS). However, the Brazilian tax authority has issued administrative rules that this exemption only applies with respect to direct export, and not indirect exports, which is considered th…