How to Use Federal Tax Incentives?
In order to use the federal tax incentives, with deductions made from the Income Tax, companies must necessarily be taxed based on their real profit. If the company pays taxes on presumed or arbitrated profit, or if it opts for the Simplified Taxation System, it cannot take advantage of this type of tax benefit.
And how does the Algar Institute proceed?
At the federal level, the Algar Institute encourages cultural projects through the Childhood and Adolescence Fund (FIA) and the Federal Law for the Encouragement of Culture - "Lei Rouanet", and sport, through the Sports Law.
The company should choose the area in which to actively invest - culture, education, sport or health - considering that every law promotes resources for a different overarching theme.