Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 233

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 19
Chunk 233
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 Superintendence (“ SUDENE”) and the Superintendence of Amazon Development (“ SUDAM”). The IRPJ reduction incentive is calculated based on the activity profits (exploitation profits) and considers the allocation of the operating profit based on the incentive production levels for each product.

  F-57  

Table of Contents

  Area/Regions                                           Company       Maturity  
 ─────────────────────────────────────────────────────────────────────────────────
  Northeast Development Superintendence (“ SUDENE”)                              
  Aracruz (ES)                                           Portocel          2030  
  Aracruz (ES)                                           Suzano            2031  
  Imperatriz (MA)                                        Suzano            2032  
  Mucuri (BA)                                            Suzano            2032  
  São Luís (MA)                                          Itacel            2033  
  Eunápolis (BA)                                         Veracel           2033  
  Superintendence of Amazon Development (“ SUDAM”)                               
  Belém (PA)                                             Suzano            2025  

On June 13, 2024, the tax incentive for exploitation profits was approved for the company Terminal de Celulose de Itaqui S/A and on July 22, 2024, the tax incentive request was renewed for the company Veracel Celulose S/A in areas under the jurisdiction of the SUDENE, granting a 75 10

These incentives aim to promote regional development by encouraging investments in strategic areas.

12.4 OECD PILLAR TWO MODEL RULES

In December 2021, the Organization for Economic Co-operation and Development (“ OECD”) announced the guidelines for the Pillar Two model, aiming for a reform in international corporate taxation to ensure that multinational economic groups, covered by such regulations, contribute an effective minimum tax at a rate of 15% on profits. Each country's effective profit tax rate, as calculated by this model, is called the GloBE (Global Anti-Base Erosion Rules) effective tax rate. These rules await approval in the local legislation of each country. In the context of Suzano, compliance with OECD guidelines on international taxation is a strategic priority.

Many countries have already released legislation or plans on the adoption of Pillar Two rules and the calculation of GloBE revenue, considering the global minimum rate of 15% for multinationals with consolidated revenue above EUR750 million.

From 2024, the Company is subject to the OECD Pill