PIS and COFINS are not levied on electricity supplied to the ZFM

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PIS and COFINS are not levied on revenue arising from the internal sale (between two companies established within the ZFM) of electricity of national origin, when carried out by a generating company located in the ZFM and destined for another legal entity, also established in that region .

This understanding was published in a recent consultation solution edited by the Federal Revenue Service.

The income obtained from the sale of goods of national origin, for consumption or industrialization in the ZFM, is equivalent to export income and is not subject to the incidence of social contributions.

Source: GRM Advogados