Tax Strategies for Companies in Scenarios of Fiscal Stress and External Challenges

The Brazilian fiscal and economic forecast for 2025 imposes significant challenges on companies.

The increase in the Selic rate, the widespread distrust regarding the conduct of fiscal policy and the persistent instability in the international market are factors that compromise investor confidence and reduce the attractiveness of the national capital market.

Given this complex scenario, it is essential that companies adopt robust and well-founded tax strategies, which not only mitigate risks, but also maximize emerging opportunities.

A careful analysis of the applicable tax rules, associated with the continuous monitoring of legislative and jurisprudential changes, is essential for the construction of effective tax planning in line with legal requirements.

The top recommended strategies for businesses include, but are not limited to:

1. Strategic Tax Planning

Instability requires a review of tax strategies to maximize incentives and reduce tax costs. Some actions include:

Taking advantage of tax benefits, such as regional and innovation incentives.

Review of the corporate structure to optimize the tax burden and prepare for possible tax changes.

2. Attention to International Taxation

With global uncertainties, companies must review their international operations and transfer pricing strategies to avoid double taxation and to optimize tax credits.

Reassessment of operations abroad to adjust taxation and the impact of tariffs.

Monitoring global fiscal changes, such as U.S. and Chinese policies.

3. Cash Flow and Liquidity Management

With the increase in the Selic rate (the Brazilian Central Bank′s ( Banco Central do Brasil ) national interest rate), the cost of debt impacts cash flow.

Strategies such as:

Debt refinancing to take advantage of better conditions and maximize tax deductions.

Management of unused tax credits, such as ICMS and PIS/COFINS, can improve liquidity.

4. Diversification of Investments and Foreign Market

Low confidence in the Brazilian stock market can encourage diversification:

Investments in alternative markets with advantageous tax incentives.

Exploration of new export markets, such as China, which offers growing demand for Brazilian commodities.

5. Communication and Transparency with Investors

In times of mistrust, transparency is essential. Explaining the measures taken to reduce fiscal and economic risks can improve investor perception and confidence in the business.

Thus, the 2025 scenario requires strategic adaptation to optimize the tax burden, restructure operations, and explore new markets. Tax efficiency will be crucial to ensure competitiveness and sustainability in the long term.

Author: Claudia Regina Gabriele

Tax & Legal Solutions | OAB/SP 390.898

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