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This document has been provided by the
International Center for Not-for-Profit Law (ICNL).

ICNL is the leading source for information on th e legal environment for civil society and public
participation. Since 1992, ICNL has served as a resource to civil society leaders, government
officials, and the donor community in over 90 countries.

Visit ICNL’s Online Library at
https://www.icnl.org/knowledge/library/index.php
for further resources and research from countries all over the world.

Disclaimers Content. The information provided herein is for general informational and educational purposes only. It is not intended and should not be
construed to constitute legal advice. The information contai ned herein may not be applicable in all situations and may not, after the date of
its presentation, even reflect the most current authority. Noth ing contained herein should be relied or acted upon without the benefit of legal
advice based upon the particular facts and circumstances pres ented, and nothing herein should be construed otherwise.
Translations. Translations by ICNL of any materials into other languages are intended solely as a convenience. Translation accuracy is not
guaranteed nor implied. If any questions arise related to the accuracy of a translation, please refer to the original language official version of
the document. Any discrepancies or differences created in the tr anslation are not binding and have no legal effect for compliance or
enforcement purposes.
Warranty and Limitation of Liability. Although ICNL uses reasonable efforts to include ac curate and up-to-date information herein, ICNL
makes no warranties or representations of any kind as to its a ccuracy, currency or completeness. You agree that access to and u se of this
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party involved in creating, producing or delivering this document shall be liable for any damages whatsoever arising out of access to, use of
or inability to use this document, or any e rrors or omissions in the content thereof.

This document has been provided by the
International Center for Not-for-Profit Law (ICNL).

ICNL is the leading source for information on th e legal environment for civil society and public
participation. Since 1992, ICNL has served as a resource to civil society leaders, government
officials, and the donor community in over 90 countries.

Visit ICNL’s Online Library at
https://www.icnl.org/knowledge/library/index.php
for further resources and research from countries all over the world.

Disclaimers Content. The information provided herein is for general informational and educational purposes only. It is not intended and should not be
construed to constitute legal advice. The information contai ned herein may not be applicable in all situations and may not, after the date of
its presentation, even reflect the most current authority. Noth ing contained herein should be relied or acted upon without the benefit of legal
advice based upon the particular facts and circumstances pres ented, and nothing herein should be construed otherwise.
Translations. Translations by ICNL of any materials into other languages are intended solely as a convenience. Translation accuracy is not
guaranteed nor implied. If any questions arise related to the accuracy of a translation, please refer to the original language official version of
the document. Any discrepancies or differences created in the tr anslation are not binding and have no legal effect for compliance or
enforcement purposes.
Warranty and Limitation of Liability. Although ICNL uses reasonable efforts to include ac curate and up-to-date information herein, ICNL
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party involved in creating, producing or delivering this document shall be liable for any damages whatsoever arising out of access to, use of
or inability to use this document, or any e rrors or omissions in the content thereof.

6) Law 9,532, of December, 10 th, 1997 – Legislation modifying the federal tax legislation

Art. 12. For the purposes of art. 150, item VI, "c" of the Constitution, is rendered immune the institution
of education or social assistance that provide the services that it has been instituted for, and make it
available to the general population, complementarily to the State activities, without lucrative purposes .
(See articles 1 and 2 of MPV 2189 -49, of 2001) (See Provisional Measure 2158 -35, of 2001)
§1 Are not covered by the immunity the income and earnings from fixed or variable income
investments .
§2 To benefit from the immunity the institutions referred to in this article are required to meet the
following requirements:
a) do not compensate in any way it s directors for services rendered; (see Law 10,637/02)
b) fully apply its resources on maintaining and developing its social goals;
c) keep complete bookkeeping of its income and expenditures in formal books that ensure their
accuracy;
d) maintain in goo d order, for five years, from the date of issuance, documents certifying the origin of its
revenue and the execution of its expenses, as well as the realization of any other acts or transactions
that may modify its patrimonial situation;
e) annually submit Income Tax Declaration in accordance with the provisions of the Federal Revenue;
f) to withhold the taxes related to income, paid or credited b y them, and the contribution for social
security regarding employees, as well as fulfill additional obligations arising there from;
g) ensure the destination of its assets to another institution meeting the conditions for benefitting from
the immunity in case of incorporation, merger, division , or termination of its activities, or to a public
agency;
h) other requirements established by specific law relating to the functioning of the entities referred to in
this article .
§3 It is considered a nonprofit organizat ion that presenting no surplus in its accounts or, if presenting in
a given fiscal exercise, that fully destine that result to the maintenance and development of its social
goals. (Text by Law 9,718/98)