Definition, Meaning & Synonyms
irpj
Tax
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Definition
IRPJ is an acronym for ‘Imposto de Renda de Pessoa Jurídica’, which translates to ‘Corporate Income Tax’ in English. It is a tax imposed on the income of legal entities in Brazil.
Examples
- The IRPJ rate can vary depending on the company’s revenue.
- Filing the IRPJ is mandatory for all corporations in Brazil.
- Companies must pay the IRPJ quarterly or annually, depending on their chosen tax regime.
Meaning
The IRPJ is a federal tax charged on the net income of companies operating in Brazil. It is designed to collect revenue from corporate profits and is calculated based on the earnings of a business during a specific period.
Synonyms
- Corporate Tax
- Business Income Tax