IR-PF Reduced Base (FINA050 - SIGAFIN)

Legal Grounds

Normative Instruction SRF no. 15 dated February 6, 2001

Article 12. In case of real estate rents paid by legal entity, they are not integrated into the calculation basis for income tax levy:

I - Value of taxes (IPTU), rates, and emoluments levied on the asset that produces income;

II - Rent paid by the rental of sublet real estate;

III - Expenses paid for collection (bank bill) or receipt;

IV - Condominium expenses.

§ 1st The charges above can only be deleted from the rental value when burden has been exclusively to the landlord.

§ 2nd When rent is paid by real estate offices, legal representative, or by any person chosen by the landlord, the payment date considered is that one in which the tenant made the payment, regardless of when it goes to the beneficiary.

§ 3rd Compensation by advance termination or contract termination is considered taxed income for the beneficiary