A dedutibilidade das perdas com swap cambial nas operações com finalidade de hedge na apuração do lucro real das pessoas jurídicas

• Autor(a) principal: Lázaro, Marcos Felippe Gonçalves
• Data de Publicação: 2016
• Tipo de documento: Trabalho de conclusão de curso
• Idioma: por
• Título da fonte: Biblioteca Digital de Teses e Dissertações da PUC_SP
• Texto Completo: https://repositorio.pucsp.br/jspui/handle/handle/35425
• topic: CNPQ::CIENCIAS SOCIAIS APLICADAS::DIREITO::DIREITO PUBLICO::DIREITO TRIBUTARIO; Hedge; Swap; Derivativos; Imposto de Renda; Perdas; Despesas; Hedge; Swap; Derivative; Income Tax; Loss; Cost

Historically, the exchange rate in Brazil has played a decisive role in the competitiveness of Brazilian companies in the domestic and international markets. The recent sharp devaluation of the Brazilian Real in comparison with the US dollar at the end of 2015 showed the need to adopt protective measures regarding the assets and liabilities exposure to the floating exchange rate. Thus, this study aims to address the financial instruments used as protection (hedging) of the Brazilian companies rights and obligations, as wel as the tax impacts of their losses. Therefore, the study analyzes the income constitutional concept, which is the guidance for the tax incidence rule-matrix in it's material criteria, as well its tax basis and the concepts of necessary expenses for the maintenance of the productive source. Also the study addresses specific characteristics of financial instruments used in the derivatives market, especially the foreign exchange swap, contracted with purpose of protecting the Brazilian companies assets and liabilities, regarding their exposure to risks arising from currency fluctuations. Finally, the study brings into focus the position of the Administrative Tax Appeals Council, as well as the the Federal Supreme Court position and the best brazilian doctrine, setting, under a critical analysis of the constitucional concepts of the income tax Institution, its conclusive understanding