Operation Zero Km, conducted by the Brazilian Federal Revenue, seeks to combat irregularities in the use of PIS/Cofins credits in the automotive sector. To date, 1,176 reimbursement requests related to the purchase for resale of products subject to monophase taxation or tax substitution have been analyzed, including vehicles, motorcycles and auto parts.
The audits identified more than R$ 745 million in credits without legal basis for reimbursement or offset.
Federal Revenue concludes audits and identifies irregularities
So far, the audit has concluded audits of 22 taxpayers distributed across 10 Brazilian states. In all of these cases, the credits deemed improper w…
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