Brazil’s Federal Government has published Provisional Measure No. 627 (PM 627) on 12 November 2013, containing a long expected set of rules that not only repeal the Transitional Tax Regime(TTR) but also added new rules aimed at permanently aligning the Brazilian tax system to the accounting model set forth by Law 11,638/2007.
Spain: plans to cut taxes for lower incomes
Related Posts
Brazil cuts diesel taxes to shield citizens from oil price surge
Brazil’s government has enacted urgent measures to lower diesel prices as international oil costs spike due to armed conflict involving the US, Israel, and Iran, compounded by escalating tensions near the Strait of Hormuz—a strategic waterway
Read MoreBrazil introduces export tax on crude oil, diesel
Brazil’s tax authority, the Federal Revenue Service (RFB), has updated its Export Manual to reflect changes introduced by Provisional Measure No. 1,340, issued on 12 March 2026. Previously limited to specific products like cigarettes, the Export
Read MoreBrazil enacts income tax treaty with Poland
Brazil has issued Decree No. 12.865, dated 2 March 2026, promulgating the income tax treaty with Poland. Signed on 20 September 2022, the agreement aims to prevent double taxation and tax evasion. The decree entered into force on 3 March 2026
Read MoreBrazil, Chile tax treaty amendment takes effect
Brazil officially promulgated a protocol amending its tax treaty with Chile on 2 March 2026, according to Decree No. 12,863. The updated convention introduces significant modifications to prevent tax avoidance while eliminating double taxation on
Read MoreBrazil launches tax calculator for betting, fantasy sports winnings
Brazil’s tax authority, the Federal Revenue Service (RFB) unveiled a digital tool on 2 March 2026 to help citizens calculate income tax on earnings from betting platforms (BETs) and fantasy sports competitions. Taxpayers must use data from
Read MoreBrazil: RFB extends tax deadlines for flood-hit cities in Minas Gerais
Brazil’s tax authority, the Federal Revenue Service (RFB) announced the issuance of Ordinance RFB No. 655/2026 on 27 February 2026, granting emergency tax relief to municipalities affected by severe flooding in Minas Gerais state. The measure
Read More