IRPC: what to expect from corporate income taxation

The reform has two parts that work together. IRPS covers individuals; IRPC covers companies and replaces the current framework for taxing corporate profits. It is no accident that Category B of IRPS points, for taxpayers with organised accounts, precisely to the IRPC rules: the two codes were designed to fit one another.

The stated objective is simplification. Fewer scattered statutes, assessment rules closer to international practice and a more direct relationship between accounting and the taxable base. For companies with well-organised accounts, the transition tends to be administrative. For those with weak records, it is the moment that weakness becomes expensive.

Three fronts deserve attention now: the quality of the accounting that will underpin the assessment, documentation of costs whose deductibility may be questioned, and the treatment of transactions with related or non-resident parties.

Until the final law is in force, the best investment is internal organisation. No tax reform penalises a company whose books are in order.

We follow the legislative process and assess the concrete impact on your case.