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PIS/COFINS

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**PIS/COFINS**

What is PIS/COFINS?

PIS/COFINS are Brazilian federal taxes on gross revenue. PIS (Programa de Integração Social) is a social integration program, and COFINS (Contribuição para o Financiamento da Seguridade Social) is a contribution for financing social security. These taxes are commonly used to fund social programs and social security in Brazil. They are typically calculated as a percentage of a company's gross revenue, although the specific rates and calculation methods can vary depending on the type of business and its tax regime.

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