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JUROS SOBRE CAPITAL PRÓPRIO: UMA ANÁLISE SOBRE O IMPACTO TRIBUTÁRIO PARA QUEM PAGA E PARA QUEM RECEBE.

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Author(s): Maria Heloisa Bisca | Mariana Carvalho Gradi | Alexandre Gonzales | Daniel Ramos Nogueira

Journal: Revista Científica Hermes
ISSN 2175-0556

Volume: 07;
Date: 2012;
Original page

Keywords: Interest on capital | distribution of profits | tax | JSCP | Dividends

ABSTRACT
With the publication of law 9.249/95 the use of interest on capital becomes an option for the compensation of shareholders and stakeholders in the companies. Once this alternative is chosen, the company gains the rights to deduct the value of the JSCP as the basis for calculating income tax and social contribution. This study demonstrates the impact results of this choice for the company and for the shareholders. The company will have a fiscal tax advantage with the use of JSCP, as the tax base for income and social contribution is reduced after the deduction of interest on capital as a financial expense. The shareholders, as natural person, will benefit because they will have a tax liability on the JSCP taxes hold, and still willreceive a larger portion of dividends because with the spending cuts the amount to be distributed by the company increases. For the artificial person, this method may not be the most attractive one because the JSCP are considered financial revenue which results in higher taxation for the corporation.
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