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Tax Regime Eased for 'Micro' Business Exports
The simplified tax regime is available to ‘micro’ businesses with an annual gross income not exceeding BRL 360,000 and ‘small’ businesses with an annual gross income of between BRL 360,000 and BRL 3.6 million.
The income must be derived from internal market activities. Although ‘small’ businesses are also permitted to apply, the simplified tax regime to export revenues must not exceed BRL 3.6 million.
With effect from January 1, 2015, and in accordance with the Complimentary Law 147/2014 (published in the Official Gazette on August 8, 2014), the extra limit applied to export revenue will also be available to ‘micro’ businesses.
