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COFINS

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**COFINS**

What is COFINS?

COFINS (Contribuição para o Financiamento da Seguridade Social) is a Brazilian federal social security contribution levied on the gross revenue of companies. It is a significant component of the Brazilian tax system and is used to fund social security, healthcare, and social assistance programs. The specific rules and rates of COFINS can be complex and vary depending on the company's revenue and activities.

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