Tax
PIS/PASEP and COFINS – Tax on Gross Revenue
PIS/PASEP, short for Programas de Integração Social e de Formação do Patrimônio do Servidor Público in Portuguese, and COFINS, short for Contribuição para o Financiamento da Seguridade Social in Portuguese, are both imposed by the federal government on gross revenue, independently of the source, for the majority of entities and on payroll for some businesses. Read more…