Law 14.943/2024, sanctioned by the federal government, amends the 2013 legislation to include bran and oil corn in the same tax regulation applied to soybeans. Furthermore, published in the Official Gazette on August 1, the change suspends PIS/Pasep and Cofins for corn. The change was approved in Congress in the first half of 2024 with the support of the Parliamentary Front for Agriculture (FPA) and aims to relieve the burden on the feed input chain.
Furthermore, Congressman Sérgio Souza (MDB-PR) highlighted the importance of the measure for the agricultural sector. “Brazil has become a major producer of corn, and corn bran, which is essential for cattle, pig and chicken feed, has emerged. We held several talks, so the FPA actively worked on the negotiations until we got approval,” celebrated Souza. “We have the best animal protein foods in the world, now at lower prices. For example, a constant focus of the Brazilian agricultural sector is to provide healthy and affordable food to the population,” he emphasized.
In addition, former Minister of Agriculture, Senator Tereza Cristina (PP-MS), praised Law 14.943/2024, which balances taxation for corn and soybeans. She highlighted the exemption from PIS/Pasep and Cofins for corn, benefiting the production of feed and the export of animal protein. Tereza Cristina also highlighted the growth of corn ethanol and the potential of biofuels to add value and foster technological development. The law will allow companies in the non-cumulative regime to discount presumed credit based on revenue from domestic sales or exports, according to the Table of Incidence of Tax on Industrialized Products (Tipi).
Source: Leonardo Gottems | agrolink
