Brazil to tax overseas corporate profits
Brazil's government has proposed imposing a 10% tax on corporate profits and dividends sent abroad on 17 March 2025 to offset the revenue loss from expanding the tax exemption brackets for low-income individuals. According to the country's
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Brazil: Federal Revenue launches pilot program Receita Sintonia to encourage tax compliance
The Brazilian Federal Revenue Service (RFB) published Ordinance RFB No. 511/2025 on Monday, establishing the pilot phase of the Receita Sintonia Programme. The initiative aims to encourage companies to comply with tax and customs obligations by
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Brazil initiates pilot program for rewarding compliant taxpayers
Brazil has introduced the Receita Sintonia pilot program, established by RFB Ordinance No 511 of 19 February 2025, to encourage corporations and nonprofits to improve their tax compliance, reduce disputes, and improve transparency. The program
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Brazil and Portugal push to finalise tax treaty revision
Brazil’s Ministry of Foreign Affairs has released a joint statement reaffirming Brazil and Portugal's commitment to revising the 2000 Brazil-Portugal Income Tax Treaty on 19 February 2025. This declaration was made during the XIV Brazil-Portugal
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Brazil approves protocol to tax treaty with Singapore
Brazil’s Chamber of Deputies approved the ratification of a protocol amending the 2018 income tax treaty with Singapore on 13 February 2025. Signed on 17 April 2023, this is the first update to the treaty. key changes include revisions to the
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Brazil releases guidance on extended tax benefits for industrialised goods
Brazil’s Federal Revenue Service has issued guidance on extended tax benefits for the tax on industrialised/manufactured products (IPI) on 25 November 2024. The extension is applicable to companies investing in R&D in the north, northeast,
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Brazil: Chamber of Deputies approves tax treaty with Poland
Brazil’s Chamber of Deputies has approved the 2022 Brazil-Poland Income Tax Treaty through Draft Legislative Decree No. 261/2024 on 13 February 2025. The treaty, signed on 20 September 2022, is the first of its kind between the two nations. Its
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Brazil extends commodity transaction registration deadline
Brazil has extended the deadline for commodity transaction registration deadline, issued in Normative Instruction No. 2.249 of 6 February 2025 which outlines amendments to Normative Instruction RFB No. 2.161 of 28 September 2023 regarding transfer
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Brazil gazettes law regulating indirect tax reform
Brazil has published Complementary Law No. 214 of January 16, 2025 in the Official Gazette, establishing the framework for the country’s indirect tax reform. These reforms aim to streamline the tax system by replacing or consolidating several
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Brazil: Congress approves income tax treaty text with Norway
Brazil’s Congress has approved the 2022 Brazil-Norway Income Tax Treaty through Legislative Decree No. 273 of 2024, which was published in the Official Gazette (Issue No. 247) on 24 December 2024. Signed on 4 November 2022, the agreement with
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Brazil ratifies new tax treaty with Norway
Brazil's Senate has ratified the new income tax treaty with Norway on 17 December 2024. This agreement will replace the 1980 tax treaty between Brazil and Norway after taking effect. Signed on 4 November 2022, the agreement with Norway aims at
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Brazil: Revenue authority publishes updated guidance on commodities transfer pricing
Brazil’s revenue authority (Receita Federal) has issued new guidelines for Normative Instruction RFB No. 2246 of 30 December 2024, outlining rules for companies regarding the management of transfer pricing for transactions that involve commodities
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Brazil enacts Pillar Two global minimum tax rules
The President of Brazil, Luiz Inácio Lula da Silva, enacted Bill No. 3,817/24, which is now known as Law No. 15,079/24, implementing the OECD's Pillar Two global minimum tax and introduces the global anti-base erosion (GloBE) regulations within
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Brazil: Congress approves OECD Pillar Two rules
Brazil’s Congress has passed Bill of Law 3,817/24 on 18 December 2024, incorporating the OECD’s Global Base Erosion (GloBE) Pillar Two rules in the Brazilian tax legislation, which introduces an effective minimum taxation of 15% through an
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Brazil: Chamber of Deputies approve indirect tax reform
Brazil's Chamber of Deputies have approved a law to regulate the country's indirect tax reform after it has returned from the Senate (upper house) with amendments on 17 December 2024. This follows after Brazil passed Constitutional Amendment No.
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Brazil, Slovak Republic sign amending protocol to tax treaty
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
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Brazil further updates electronic invoicing amid tax reforms
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
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Brazil: Chamber of Deputies approve tax treaty with Norway, amending protocol with Sweden
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
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