On Mar. 5, BRZ Tax issued instruction for special taxation regimes.
BRZ Tax issued Normative Instruction 2179 re special taxation regimes and unified payment of taxes applicable to real estate developments and certain housing units.
Special Regime
Applies to real estate developments and the construction of housing units contracted under the Minha Casa, Minha Vida - PMCMV and Casa Verde e Amarela Programs.
The Special Tax Regime applicable to real estate developments - RET-Incorporação, established by art. 1st of Law 10.931, of 2004 , is optional but irreversible.
This is the case as long as the credit rights or obligations of the developer towards the purchasers of the properties that make up the incorporation are continuous.
From Dec. 27, 2019, the real estate developments, RET-Incorporation will be applied until the full receipt of value of the sales of all units, or of respective contracts.
Instruction 2179 further established provisions regarding operation of the special real estate incorporations regime, and taxation aspects, as well as applicable penalties.
Instruction 2179 repealed normative Instruction 1.435 of December 30, 2013.
Effectiveness
Instruction 2.179 will enter into force on the date of its publication, Mar. 7, 2024,
It will take effect from Jul. 1, 2024, for Arts. 8 to 10 and immediately otherwise.
Jul. 2024 BRZ Tax Special Taxation Regime
On Jun. 28, 2024, BRZ Tax issued Normative Instruction 2199, to amend Normative Instruction 2179 so that qualification procedure will be available from Jan. 1, 2025.
Normative Instruction 2199 will enter into force on date published in official gazette.
Document dated Jun, 28, 2024, received from BRZ Tax Jul. 5, summarized on Jul. 8.
Regulators
BRZ Tax
Entity Types
Corp
Reference
Ins 2199, 6/28/2024; Ins 2179/2024, 3/5/2024; Rpl Ins 1435, 12/30/2013;
