CELLULOSE AND PAPERS SECTOR
FISCAL INCENTIVE FOR INNOVATION
Companies in this industry are usually dedicated to providing high technology solutions and advanced materials for a variety of industries. Focusing on the production of high technology materials such as fibers, resins and polymers, used daily in products and markets worldwide. Besides the production of papers with diversified characteristics, with the search for adequate raw material, seeking the best cost benefit for the manufacturer and the customer.
The Good Law provides a financial return of up to 27% on expenditures invested in research and development activities, and the activities of this segment tend to have great adherence to the concept of innovation.
The cellulose and paper sector should be aware of the specific benefits granted to exporters (drawback, recap, etc.) under penalty of leveraging their accumulation of uncalled tax credits. There are alternatives, however, that can and should be analyzed both to avoid accumulation and to eventually exit those credits, always observing the business purpose rule of the operation. It is also very welcome to use audit software to revisit the compliance of the supply chain credit.