International tax planning through Brazilian notional interest ...
International tax planning through Brazilian notional interest ...
International tax planning through Brazilian notional interest ...
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3.1. Example how to calculate the JsCP<br />
Balance on December 31st , 2010<br />
Capital Stock 100,000<br />
Retained earnings / results 120,000<br />
= Base for calculating the JsCP 220,000<br />
Result of 2010 40,000<br />
Juros sobre Capital Próprio - JsCP<br />
Annual JsCP (220,000 x 6% TJLP) 13,200<br />
Tax Deductibility<br />
50% x Result of 2010; OR (40,000 x 50%) 20,000<br />
50% x Retained earnings / results (120,000 X 50%) 60,000<br />
Tax deductible JsCP 13,200
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