On Monday (July 1), the Federal Revenue Service will provide the model in order to file the Declaration of Tax Incentives, Waivers, Benefits and Immunities (Dirbi), new ancillary statement recently created for companies to declare federal tax benefits. The form will be available on e-CAC platform.
The deadline for submitting the first Dirbi is July 20, for benefits from January to May 2024. Companies that fail to submit Dirbi by the stipulated date may be subject to fines ranging from 0.5% to 1.5% of gross revenue.
Check out more information on the subject in our report.