---
slug: data-inicio-producao-efeitos
lang: en
titulo: Institutions can deduct credit losses starting January 1, 2025
resposta: Financial institutions and those authorized by BCB can deduct credit losses starting January 1, 2025, as per Law 14.467/2022.
curto: Deduction of losses from 2025
tema: Taxation
revisada: 2026-10-02
proxima: 2027-04-02
---

## Data
| Who | Deadline | Condition | Source | Data of record |
|---|---|---|---|---|
| Financial institutions and those authorized by BCB | 01/01/2025 | Losses on credits due to overdue operations (> 90 days) or bankruptcy/judicial recovery | Law 14.467/2022, art. 2º | 16/11/2022 |
| Same institutions | 01/01/2025 | Losses on credits originated after judicial recovery or unpaid | Law 14.467/2022, art. 2º, § 4º | 16/11/2022 |
| Same institutions | 01/01/2025 | Exclusion of financial charges on overdue or bankrupt/judicial recovery credits | Law 14.467/2022, art. 5º | 16/11/2022 |

Data consulted on 02/10/2026.

## Basis
- [Law No. 14.467/2022 (Planalto, in Portuguese)](https://www.planalto.gov.br/ccivil_03/_ato2019-2022/2022/lei/l14467.htm): establishes the tax treatment of losses incurred in collecting credits by financial institutions and those authorized by BCB, effective from January 1, 2025 (art. 8º).

## How it applies
The deduction of credit losses becomes allowed from January 1, 2025, covering:
1. Overdue operations for more than 90 days (art. 2º, caput, I);
2. Operations with legal entities in bankruptcy or judicial recovery (art. 2º, caput, II);
3. Credits originated after judicial recovery or unpaid (art. 2º, § 4º).

The deduction applies to the determination of real profit and the CSLL tax base, with specific monthly assessment rules (art. 2º, §§ 2º and 3º).

## Limits
- Exclusions: does not apply to consortium administrators and payment institutions (art. 1º, paragraph 1).
- Credits with related parties: deduction is prohibited (art. 3º, § 2º).
- Transition period: losses on overdue credits as of 12/31/2024 not previously deducted can be excluded from net profit starting January 2026, in monthly installments (art. 6º, current wording).
- Deduction limit: in 2025, the deductible amount cannot exceed the real profit of the year before deduction (art. 6º, § 2º).
- Subsequent changes: Law 15.078/2024 and MP 1.261/2024 modified installment and limit rules; check updates on Planalto.
- Single source: this document addresses only Law 14.467/2022 and its direct amendments; other tax laws (e.g., Law 9.430/1996) are not covered.