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>[26.Aug.09] General
- Ammendment to the regulation of technological tax
incentives
Source: Infomail ABREU, MERKL no. 27
On 17.Sep.2008, Law no.
11774/2008 was enacted (see Infomail
no. 22/2008) amending “The Good Law”
(Law no. 11196/2005, see Infomail
no. 05/2005 and Infomail
no.14/2007), which provides a number of tax incentives
directed to technological innovation. After 11 (eleven)
months, on 22.Jul.2009, the government finally enacted
Decree no. 6909/2009 with the changes made to the regulation
(Decree no. 5798/2007) of The Good Law.
One aspect of the new
Decree relates to the substitution of the accelerated
depreciation by the full depreciation in regards to
the calculation of the IRPJ (Corporate Income Tax) and
CSLL (Social Contribution on Net Profits) in the same
year of the acquisition of new machinery, equipment,
devices and instruments destined to be used in research
and development of technological innovation. Another
aspect refers to the amortization of intangible assets
acquired exclusively to conduct Research & Development
activities.
Furthermore, another
important point of the new Decree is the definition
of rules for the application of tax incentives in the
case of enterprises which are beneficiaries of the Informatics
Law (Law no. 8248/1991).
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