Base Negativa

English translation: Negative Tax Basis

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Portuguese term or phrase:Base Negativa
English translation:Negative Tax Basis
Entered by: judith ryan
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18:36 May 14, 2018
Portuguese to English translations [PRO]
Law/Patents - Law: Taxation & Customs / Dreding
Portuguese term or phrase: Base Negativa
In a document of violation of CSLL (social contribution on net profit)

Cálculo da Base Negativa Compensada na Autuação

Thanks!
judith ryan
Brazil
Local time: 11:00
Negative Tax Basis
Explanation:
The negative tax basis of the CSLL (tax loss for CSLL purposes) may be used to offset the taxable profit in the subsequent periods, limited to 30% of the taxable profit in each calculation period.
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Mike Clawson
United States
Local time: 08:00
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4 KudoZ points were awarded for this answer



Summary of answers provided
5Negative Tax Basis
Mike Clawson


  

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37 mins   confidence: Answerer confidence 5/5
Negative Tax Basis


Explanation:
The negative tax basis of the CSLL (tax loss for CSLL purposes) may be used to offset the taxable profit in the subsequent periods, limited to 30% of the taxable profit in each calculation period.


    Reference: http://masterclassbrazil.com/managing-a-business-in-brazil/t...
Mike Clawson
United States
Local time: 08:00
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
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