RegAlert2021-03-31 | Resolução BCB 82Added
BCB Resolution No. 82 — Procedures for Calculating the Value of Tax Credits from Fiscal Losses Not Subject to Deduction in Reference Equity for Foreign Currency Short Positions Used as Hedging
BCB Resolution No. 82 establishes the procedures for calculating the value of tax credits from fiscal losses and negative CSLL bases resulting from foreign currency short positions used as hedges for foreign investments, which are not subject to deduction in the calculation of Reference Equity. The regulation mandates that entities within the prudential conglomerate include only those with accumulated negative results from such positions between January 1, 2018, and December 31, 2020, or positive values under Article 3. It specifies calculation methods for the period between May 1, 2021, and December 31, 2022, based on the lower of recorded balance sheet values or accumulated losses multiplied by applicable tax rates, with specific provisions for gains or losses occurring in 2018, 2019, and 2020. The resolution enters into force on May 3, 2021.
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Resolution No. 82
BCB RESOLUTION
NO. 82, OF MARCH 31, 2021
Regulates the procedures for calculating the value not subject to deduction in the calculation of Reference Equity relative to tax credits for fiscal losses derived from a short position in foreign currency carried out with the objective of providing a hedge for investment abroad, in accordance with Resolution No. 4,192, of March 1, 2013.
The Collegiate Board of the Central Bank of Brazil, in a session held on March 31, 2021, based on the provisions of Arts. 9, 10, item IX, and 11, item VII, of Law No. 4,595, of December 31, 1964, and Art. 31, item IV, of Resolution No. 4,192, of March 1, 2013,
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Lineage: In force
Source: Banco Central do Brasil — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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