Atlas · Taxation
Institutions can deduct credit losses starting January 1, 2025
AnswerFinancial institutions and those authorized by BCB can deduct credit losses starting January 1, 2025, as per Law 14.467/2022.
Reviewed on 2026-10-02 · next review 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): 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.