Company: SUZ
Filing Date: 2025-04-28
Form Type: 20-F
Source: 0001628280-25-020368
Chunk: 134

Company: Suzano S.A.
Filing Date: 2025-04-28
Form: 20-F
Item: Item 8
Chunk 134
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 considered as possible for the Company, as well as the officers, but with a higher chance of winning. Company presented the administrative defense and, currently, through Resolution No.104000033, the judgment was converted into a diligence and is currently awaiting the conclusion of the diligence. In the year ended December 31, 2024 the total amount of the possible exposure is R$609.5 million (R$563.7 million as of December 31, 2023).

e. PIS/COFINS - Goods and Services - Period of 2009 to 2011: In December 2013, the Company was tax assessed by the RFB demanding the collection PIS and COFINS credits disallowed for allegedly not being linked to its operational activities. In the first instance, the objection filed by the Company was dismissed. A voluntary appeal was filed and it was partially upheld in April 2016. From this decision, the Company filed a special appeal, and certain divergences were admitted for consideration by the Superior Chamber of Tax Appeals (“ CSRF”). The National Treasury also filed a special appeal with the CSRF. Currently, the partial settlement of the ruling is being discussed, and the special appeal is awaiting judgment by the CSRF. For the year ended December 31, 2024 the total amount of the possible exposure is R$201.2 million (R$190.9 million as of December 31, 2023).

f. Tax Assessment - Taxation on a universal basis - Period of 2015: On November 3, 2020, the Company was notified of a Tax Assessment issued by the RFB under the accusation that it had failed to pay IRPJ and CSLL for the 2015 calendar year. The infraction was based on the lack of addition, in determining the real profit and the CSLL calculation base, of the profits earned by its foreign subsidiaries. Based on the legal advisors hired to present the defense, the Company classified the risk of loss as possible. The Company filed an administrative defense, which was partially upheld in the first instance. Following this decision, the Company filed a voluntary appeal on June 8, 2024, which was partially upheld on May 14, 2024, resulting in the cancellation of the majority of the tax assessment. For the remaining portion, the Company filed an appeal, which is currently awaiting judgment. For the year ended December 31, 2024 the total amount of exposure is R$4.8 million (R$