Brazil’s Law No. 15.329 makes interest on installment purchases paid abroad subject to withholding tax, with the payer responsible, effective 8 January 2026.
Brazil has passed Law No. 15.329 of 7 January 2026, specifying the withholding tax (IRRF) rules for interest paid abroad on goods purchased in installments.
The law amends Article 11 of Decree-Law No. 401 of 30 December 1968 and refers to the sole paragraph of Article 45 of Law No. 5,172 of 25 October 1966 (National Tax Code), confirming that such interest is taxable even if the foreign seller receives the income.
The law designates the payer of the interest as the responsible withholding agent.
The law took effect immediately upon publication in the Official Gazette on 8 January 2026.
