Private Ruling 88/2017, released in the Official Gazette on 31 January 2017 regarding the tax treatment of exchange of shares transactions in Brazil. This public ruling imposes on non-resident shareholders.
According to the rule, 15% income tax rate imposes when non-resident shareholders obtain capital gains from the transactions. Generally, capital gains signify the positive difference between the value of the shares that received by the shareholders.
Related Posts
Representatives from Brazil and the Slovak Republic signed a protocol amending their 1986 income tax treaty on 10 December 2024. The treaty aims to avoid double taxation and prevent fiscal evasion over taxes and income between the two
Read More Brazil’s government has released an updated version of Technical Note NT 2024.002 on 6 December 2024. This updated version introduces new validation rules to calculate the monthly amounts due for the recently implemented indirect taxes - CBS
Read More
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
Read More Brazil’s Finance Minister Fernando Haddad has proposed expanding income tax exemptions for lower-income citizens while increasing taxes on higher earners on 27 November 2024. Alongside these measures, the Finance Minister also outlined plans to
Read More Brazil's revenue authority has launched a public consultation on a proposed amendment to its transfer pricing rules on 27 November 2024. The proposed amendment concerns Normative Instruction RFB No. 2,161 of September 28, 2023, addressing
Read More Brazil's Chamber of Deputies (lower house of the National Congress) has ratified the pending protocol to the 1991 income tax treaty with China on 19 November 2024. The protocol has been submitted to the Senate for approval. Signed on 23 May
Read More
