Businessmen ask Congress not to approve changes to PIS / Cofins
Associação Comercial de São Paulo and other entities evaluate that change may increase taxation on services
BRASÍLIA - The Associação Comercial de São Paulo and other entities were in Congress yesterday delivering a document against the tax increase and, mainly, the change in the PIS / Cofins calculation system. For the entities, the change may increase taxation on the service sector. The document says that “by changing the incidence on added value, depending on the rate that is established, it will cause an increase in taxation for the service sector, which will become even more unbearable, making thousands of companies and jobs unviable”. For the sector, according to the document, "instead of the propagated simplification, the measure will further increase the complexity and costs of the asphyxiating bureaucracy".
Source: O Globo (23/09)
