Public Revenue Normative Instruction and Declaratory Act that provides for the additional social contribution on net income

On 26/03/2025, the Federal Revenue Service (Receita Federal) issued an update regarding Public Revenue Normative Instruction and Declaratory Act that provides for the additional social contribution on net income. This update involves the publication of Instrução Normativa RFB nº 2.259, de 2025, and Ato Declaratório Executivo Cosit nº 1, de 2025, which aim to align with international standards and facilitate compliance by corporations with the Qualified Domestic Minimum Top-up Tax (QDMTT) component of the Global Anti-Base Erosion Rules (GloBE Rules).