Brazil: Reporting of tax benefit by companies engaged in R&D activities

Reporting deadline is 30 September 2022

Reporting deadline is 30 September 2022

Guidance from the Ministry of Science, Technology and Innovations (Ministério da Ciência, Tecnologia e Inovações—MCTI), published in the official gazette on 28 July 2022, sets forth procedures for submitting information by companies benefiting from tax incentives that are made available through measures of Law No. 11,196 (November 2005 and referred to as Lei do Bem).

The information to be reported by these companies relates to research and development (R&D) for technological innovation activities conducted during 2021. The reporting is to be done electronically via Formulário Eletrônico—FORMPD.

The guidance (art. 2º da Portaria MCTI nº 2.794/20) specifies a reporting deadline of 30 September 2022.

Read a July 2022 report (Portuguese) prepared by the KPMG member firm in Brazil


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