The Federal Brazilian Tax Authorities (RFB) published Solução de Consulta – Cosit 166/2018 on September 28, 2018 regarding the application of the reduced rate of 0% income withholding tax for international charter leasing payments. It states that this rate may apply on amounts as consideration for international charter leasing of boats/vessels, but the beneficiary must not be located in a jurisdiction considered a tax haven. In addition, the reduced rate of 0% may still apply where the international remittance is made by a third party located in Brazil directly, rather than the entity that is performing the leasing.
Related Posts
Brazil submits ratification of treaty law convention for states, international organisations
October 05, 2026
Brazil deposited its instrument of ratification for the 1986 Vienna Convention on the Law of Treaties between States
Read More
Brazil: RFB updates CSLL rules with new substance-based tax incentive simplification
October 02, 2026
The Brazilian Federal Revenue Service (RFB) announced, on 1 October 2026, the publication of Normative Instruction RFB
Read More
Brazil amends Pillar Two QDMTT rules to introduce substance-based tax incentive safe harbour
September 23, 2026
Brazil has published Normative Instruction RFB No. 2.342 of 15 September 2026 in the Official Gazette on 18 September
Read More
Brazil: Senate approves bill to cut CSLL for local reinsurers
September 23, 2026
Brazil’s Senate has approved Bill 3.540/2026 and forwarded it to the Executive Branch for sanction or veto on 3
Read More
Brazil expands fuel subsidies, cuts gasoline and ethanol taxes
September 16, 2026
Brazil's government announced fresh fuel relief measures on 9 September 2026, expanding diesel subsidies and cutting
Read More
Brazil revises tax code with alternative dispute resolution framework, new penalty caps
September 10, 2026
Brazil has published Complementary Law No. 236 of 4 September 2026, amending the National Tax Code (Law No. 5.172 of
Read More