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This excerpt taken from the PBR 6-K filed Nov 19, 2009. 18.2 Taxes and contributions and interests payable
For purposes of calculating the income tax and social contribution on net income, the Company adopted the Transition Tax Regime, as established in Law 11.941/08, i.e. for calculating taxable income it considered the criteria of Law 6.404/76 before the amendments of Law 11.638/07. Confirmation of the option for this regime will be given at the time of delivery of the Corporate Income Tax Return (DIPJ) for calendar year 2008. Accordingly, the taxes on temporary differences, generated by adopting the new corporate law were recorded as provisions for deferred taxes and social contributions. This excerpt taken from the PBR 6-K filed Aug 18, 2009. 18.2 Taxes and contributions and interests payable
For purposes of calculating the income tax and social contribution on net income, the Company adopted the Transition Tax Regime (RTT), as established in Law 11.941, i.e., for calculating taxable income it considered the criteria of Law 6.404/76 before the amendments of Law 11.638/07. The confirmation of the option for this regime will be given at the time of delivery of the Corporate Income Tax Return – DIPJ for calendar year 2008. Accordingly, the taxes on temporary differences, generated by adopting the new corporate law, were recorded as asset and liability provisions for deferred taxes and social contributions. | EXCERPTS ON THIS PAGE:
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