CPMF exemption includes all activities of leasing companies

The First Chamber of the Superior Court of Justice (STJ) decided that (financial) leasing companies are not subject to the 0.38% bank transactions tax (CPMF) with respect to all of their activities and not only to leasing-related ones. Because they are considered as equivalent to financial institutions, leasing companies are exempt from CPMF in all their activities (Special Appeals No. 826075)