Pegged Items Shortfall definition
Pegged Items Shortfall has the meaning given in Clause 1.3(k) of Schedule 1(A). PIS and Cofins Gross Tax Credit means the remaining PIS and Cofins Tax Credit benefiting to ▇▇▇▇▇ Brazil as of the Completion Date should the ICMS amount to be considered for the calculation of PIS and Cofins Taxes not take into account deductions of ICMS input tax credits; as of November 2019, the PIS and Cofins Gross Tax Credit amounts to c. €13.8m (BRL63.6m) covering financial years 2009 to 2019 (up to March 2019), including interest for late payments estimated as of November 2019.