Contingências Fiscais em Face das Mudanças de Incidência do PIS e da COFINS

Laburpena

This paper studies the effects of change in the incidence of discretion of PIS and COFINS in the disclosure of tax contingencies. The tax contingencies in general, including contingencies related tax contributions, must be evidenced in the notes, in accordance with established accounting criteria for this purpose. In this context, this research analyzed the disclosure level of Brazilian companies reporting in the notes thereto the contingent assets and liabilities to tax, especially with regard to noncumulative PIS and COFINS, and what its features. To assess the level of disclosure of contingencies it applied a Probit model in which it tried to identify the determinants of disclosure level. The results suggest that in general the companies analyzed did not show significantly such information in the notes, so we assume this is not transparent to investors.