2023-04-15 17:00:04
The Lei do Bem, instituted in 2005 by the Federal Government, has been one of the main instruments to promote Research, Development and Innovation (RD&I) in Brazil. According to an exclusive survey conducted by KPMG, between 2006 and 2021, the tax waiver of the Lei do Bem reached the amount of BRL 33 billion, while investments in RD&I were BRL 162 billion.
KPMG data show that the number of companies that used tax incentives for technological innovation continues to grow exponentially. In 2021 alone, more than 3,000 companies benefited from tax reductions related to the Lei do Bem, compared to 2,564 in 2020, 2,288 in 2019 and 1,848 in 2018.
The partner in the Tax Incentives area at KPMG do Brasil, Wiliam Calegari, says that the Lei do Bem is a protagonist in promoting research, development and technological innovation in the country. “For every R$ 1.00 that the Federal Government gives up collecting, companies invest R$ 5.00 in research, development and technological innovation projects”, says Calegari.
The KPMG survey also highlighted that, considering all the companies that used the Lei do Bem incentives at least once between 2006 and 2017, more than 3,700 of them were entitled to these tax benefits. However, the number is still considered modest, as more than 151,000 companies are taxed by Profit Real, according to data from the Federal Revenue of Brazil.
The sector that most benefited from the Lei do Bem in 2017 was software, with 410 companies, reaching 13% of the total. In 2006, the automotive sector had the most benefited companies, with 30 companies, representing 23% of the beneficiaries.
Another important aspect of Lei do Bem is the significant increase in the number of researchers dedicated to RD&I projects in organizations. Considering all categories of researchers, from technicians to doctors, the leap was from 20,373 in 2014 to 31,902 in 2021 (a 56% increase).
Calegari also points out that the Lei do Bem allowed all economic segments to use tax benefits, which, before 2005, were directed almost exclusively to the manufacturing industry in general. Furthermore, if the Lei do Bem had not been enacted in 2005, a large part of these investments would have migrated to other countries with similar tax incentives.
Law 11,196/05 became known as Lei do Bem for allowing tax deduction through tax incentives, as well as the creation of special and differentiated tax regimes and tax reductions in various federal taxes.
In Chapter III of the Law, the Federal Government established that from 2006, companies that invest in Research, Development and Innovation (RD&I) in Brazil could reduce part of their taxes levied on profit, through the use of tax benefits.
Source: Digital Convergence Blog
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