Brazilian tax authorities define the withholding tax for technical services made available by individuals in United States through Private Ruling 5/2017 (Solução de Consulta 5/2017), published in the Official Gazette on 18 January 2016. The authority confirmed that income paid by Brazilian sources to individual or legal entities resident in the United States for technical services provided is subject to withholding tax, because it has not signed an income tax return between Brazil and the United States. The tax on technical services in Brazil is calculated in accordance with national law in the amount of 15%.
Related Posts
US: Congressional Research Service (CRS) reviews TCJA changes to cost recovery, R&D tax credit
November 20, 2024
The US Congressional Research Services (CRS) has published a new "In Focus" report, “How the "Tax Cuts and Jobs Act" (TCJA, P.L. 115-97) Changed Cost Recovery and the Tax Credit for Research” on 13 November 2024. Tax benefits for investments
Read More
US: Treasury Department finalises rules for expanding clean energy tax credits
November 20, 2024
The US Department of the Treasury and the IRS, in a press release on 19 November 2024, issued final regulations that will expand the reach of the Biden-Harris Administration’s Inflation Reduction Act by helping entities that co-own clean energy
Read More US: Treasury Department’s CDFI Fund to grant USD 10b in NMTC authority for 2024-25
November 20, 2024
The US Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund), on 19 November 2024, released the Notice of Allocation Availability (NOAA) for the next round of the New Markets Tax Credit Program (NMTC
Read More
Hungary ratifies new CbC reporting pact with US
November 20, 2024
Hungary’s President has signed Law No. XLIII of 2024, officially ratifying the new Country-by-Country (CbC) reports exchange agreement with the US. The ratification was published in the Official Gazette No. 113 (Magyar Közlöny) on 13 November
Read More US lowers tax interest rates for Q1 2025
November 19, 2024
The US Internal Revenue Service (IRS) announced in release IR-2024-290 on 18 November 2024 that interest rates will decrease for the calendar quarter beginning 1 January 2025. For individuals, the rate for overpayments and underpayments will be
Read More US: FinCEN updates FAQs on beneficial ownership access
November 18, 2024
The US Treasury Department's Financial Crimes Enforcement Network (FinCEN) has revised its FAQs on beneficial ownership information reporting requirements on 15 November 2024. These updates include changes to two specific FAQs regarding access to
Read More