Peixoto & Cury Advogados is a medium-sized firm with a tax team led by two partners and nearly 20 years of substantial tax and accounting experience. The firm advises national and multinational firms with expertise in areas such as corporate tax, international tax, tax structuring, transactions, real estate, litigation, and tax planning. Tax partner Renato Vilela Faria is a key individual at the firm.
During the research period the team provided tax assistance to M Shop Comercial. The case was a unique tax exemption case in the sense that the client imports and resells Lego Products, some of which are the Lego Education line of products. However, these products have a tax classification of toys in Brazil, not of books or other educational products, having normally taxes as ICMS, IPI, PIS and COFINS in its price, both for import and resale. A lawsuit was filed claiming that the product should have tax immunity as ICMS and IPI and zero rate of contributions to PIS/COFINS.
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