Dividendos e juros sobre capital próprio: uma análise tributária comparativa sobre a melhor forma de remunerar sócios e acionistas no Brasil

Abstract

The goal of this paper is to perform a comparative tax analysis between dividends and interest over own capital when there distribution, in order to verify the best use of both tools in different corporate scenarios, aiming at the bester tax planning. Through quantitative and exploratory research, practical examples were used to demonstrate, in values, the tax reflex and financial caused to the company and investors when both profit sharing options were used. This paper proposes a more detailed and strategic analysis between the two remuneration alternatives, taking into consideration the interests of the company and the investors, in scenarios where shareholder are composed tructure is composed of individuals and legal entities in different proportions. It was found that profit sharing through JCP, to dretiment of the usual dividends, is relatively advantageous when the equity interest is mainly composed of individual shareholders, achieving absolute advantage when the board of shareholder is composed exclusively of individuals.