According to the Corporate Income Tax Code (Código do Imposto Industrial) companies can benefit from a tax deduction on the profits that are reinvested into the business.
For such deduction to be applicable it is necessary to submit a request to the Tax Administration with the relevant documents and full explanation on the importance of the investment for the development of the country. Such tax deduction can only be used after being accepted by the Tax Administration.
The deadline for submission of the request is the last day of February and preparation time should be taken into due account.