The Brazilian Chamber of Deputies approved an amending protocol with Sweden on 26 November and a tax treaty with Norway on 27 November.
Signed on 4 November 2022, the agreement with Norway aims at avoiding double taxation of income and preventing tax evasion and avoidance. The proposal, outlined in Legislative Decree Project 260/24, will now proceed to the Senate for further review.
The protocol amending the Brazil-Sweden Income Tax Treaty of 1975 was signed on 19 March 2019, and was approved through Draft Legislative Decree No. 217-2021.
Both agreements enhance cooperation between Brazil and its partners’ tax authorities, emphasising the exchange of relevant information. They also preserve Brazil’s authority to tax income generated within its borders, including income from technical services, technical assistance, capital gains, and unspecified sources.
