12/04/2018
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Brazilian information and communication technology (ICT) companies, benefiting from tax incentives, will have a period of up to 60 months to reinvest part of their gross revenue in Research, Development and Innovation (R&DI). This Tuesday (10), a further step was taken towards the realization of these investments with the approval of the provisional measure (MP 810/2017) by the committee that deals with the subject, formed by deputies and senators.
Rapporteur of the provisional measure, deputy Thiago Peixoto (PSD-GO) highlights the benefits of the proposal. “This was a law from the 1990s, the Informatics Law, which was no longer suitable for the modern world we live in, which is based on technology, knowledge, information and innovation. So, we had to adapt this law to the current world. What most generates development and progress is investment in innovation. So, what we did here was generate more capacity for greater investments, especially in innovation and technology”, he said.
The provisional measure updates two 1991 laws (Laws 8,248/1991 and 8,387/1991) that regulate the information and communication technology sector. The two laws grant tax incentives to companies in the technology sector, such as the reduction or exemption from the Tax on Industrialized Products (IPI), in addition to advantages in contracting by the public administration. In return, companies must invest in research and development and prove these investments.
longer term
The measure also reduces the bureaucracy of the sector, facilitating the rendering of accounts of the companies; allows the installment of amounts due in the application in research and development; and, above all, it allows the reinvestment of updated residual values that were retained in the information technology companies, as they previously had a period of only three months to prove their investments in the sector. The MP extended this period to 48 months and the mixed commission decided to make it even longer, to 60 months.
Through the MP, universities and science and technology institutes created and maintained by the government will also be able to receive these resources to apply in research and development.
The text approved by the mixed commission is valid for all information and communication technology companies in the country. The proposal also opens up the possibility of using the investments to capitalize technology-based companies, known as startups. The provisional measure must be voted on by May 25 by the plenary sessions of the House and Senate or it will expire.
Source: Agência Senado
Rapporteur of the provisional measure, deputy Thiago Peixoto (PSD-GO) highlights the benefits of the proposal. “This was a law from the 1990s, the Informatics Law, which was no longer suitable for the modern world we live in, which is based on technology, knowledge, information and innovation. So, we had to adapt this law to the current world. What most generates development and progress is investment in innovation. So, what we did here was generate more capacity for greater investments, especially in innovation and technology”, he said.
The provisional measure updates two 1991 laws (Laws 8,248/1991 and 8,387/1991) that regulate the information and communication technology sector. The two laws grant tax incentives to companies in the technology sector, such as the reduction or exemption from the Tax on Industrialized Products (IPI), in addition to advantages in contracting by the public administration. In return, companies must invest in research and development and prove these investments.
longer term
The measure also reduces the bureaucracy of the sector, facilitating the rendering of accounts of the companies; allows the installment of amounts due in the application in research and development; and, above all, it allows the reinvestment of updated residual values that were retained in the information technology companies, as they previously had a period of only three months to prove their investments in the sector. The MP extended this period to 48 months and the mixed commission decided to make it even longer, to 60 months.
Through the MP, universities and science and technology institutes created and maintained by the government will also be able to receive these resources to apply in research and development.
The text approved by the mixed commission is valid for all information and communication technology companies in the country. The proposal also opens up the possibility of using the investments to capitalize technology-based companies, known as startups. The provisional measure must be voted on by May 25 by the plenary sessions of the House and Senate or it will expire.
Source: Agência Senado
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