Brazil, Sweden: Amending protocol enters into force
The amendment to the 1975 Brazil-Sweden Income Tax Treaty takes effect on 13 June 2025. The amending protocol to the Brazil-Sweden Income Tax Treaty (1975) will take effect on 13 June 2025. The protocol takes effect on 1 January 2026 for
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Brazil, China: Amending protocol to tax treaty enters into force
The amendment to the 1991 Brazil-China Income Tax Treaty takes effect on 14 June 2025. The amending protocol to the Brazil-China Income Tax Treaty (1991) will take effect on 14 June 2025. The protocol takes effect on 1 January 2026 for
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Brazil: Economic Team to propose final alternative plan for IOF tax increases
Brazil’s government will present an alternative plan for the IOF tax increase within 10 days. Brazil’s Congress lower house speaker, Hugo Motta, said in an X post on 29 May 2025, that the government will present an alternative plan for
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Brazil raises financial transaction tax on select insurance, credit, forex transactions
The Tax on Financial Operations (IOF) is a financial levy applied to individuals and businesses in Brazil, covering a range of financial transactions. Brazil has issued Decree No. 12.466 of 22 May 2025, which increases the financial transactions
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Brazil: Government announces spending cuts 2025 budget
The government announced plans to cut BRL 31.3 billion from the 2025 budget to meet fiscal rules and plans to raise the tax on financial transactions. Brazil's government announced that it will implement measures to slash BRL 31.3 billion (USD
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Brazil: MoF scraps higher tax on investments made abroad
Finance Ministry dropped plans for a higher tax on overseas investments on Friday, following criticism that it signalled a return to capital controls. Brazil's Finance Ministry dropped a higher transaction tax on overseas investments on Friday,
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Brazil introduces consumption tax, selective tax as part of VAT reforms
Brazil’s President, Luis Inácio Lula da Silva, signed Complementary Law No. 214/2025 into law on 16 January 2025. It introduces and defines new taxation frameworks in Brazil: Tax on Goods and Services (IBS), the Contribution on Goods and Services
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Slovak Republic: President signs law ratifying tax treaty protocol with Brazil
The President of the Slovak Republic signed the law ratifying the outstanding protocol to the 1986 tax treaty with Brazil on 9 May 2025 The treaty prevents double taxation and fiscal evasion on income between Slovakia and Brazil. This is the
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Brazil delists UAE and Austrian holding regime from low-tax jurisdiction and privileged tax regime
Brazil’s Federal Revenue Service (RFB) has published the Normative Instruction No. 2,265/2025 in the Official Gazette on 13 May 2025, in which it removed the UAE from the list of low-tax jurisdictions and the Austrian holding company regime (for
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Brazil: Chamber of Deputies approve amending protocol to tax treaty with India
Brazil’s Chamber of Deputies have endorsed the amending protocol to the Brazil-India Income Tax Treaty (1988) through Draft Legislative Decree No. 391/2024 on 8 May 2025. The protocol has now been submitted to the Senate for further
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Brazil: Congress approves amending protocol to tax treaty with China
Brazil’s Congress has approved the amending protocol to the Brazil-China Income Tax Treaty (1991) through Legislative Decree No. 170/2025 on 5 May 2025. The Legislative Decree No. 170/2025 was published in the Official Gazette No. 83 on 6 May
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Brazil: Congress approves amending protocol to tax treaty with Sweden
Brazil’s Congress has approved the amending protocol to the Brazil-Sweden Income Tax Treaty (1975) through Legislative Decree No. 167/2025 on 5 May 2025. The legislative Decree No. 167/2025 was published in the Official Gazette No. 83 on 6
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Brazil, Saudi Arabia negotiate first tax and investment deals
Brazil and Saudi Arabia are negotiating their first-ever income tax treaty and an investment protection agreement (IPA), according to a recent update from the Brazilian Senate. The proposed agreements aim to prevent double taxation and encourage
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Brazil reportedly plans to offer tax breaks to attract data centres
Brazil’s Finance Minister Fernando Haddad will be heading to Silicon Valley in the US this week in a bid to lure data centres to Brazil by offering federal tax exemptions on related tech investments, according to sources familiar with the
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Brazil: Senate approves tax treaty protocol with Sweden
Brazil’s Senate approved the ratification of the amending protocol to the 1975 income tax treaty with Sweden on 23 April 2025. Signed on 19 March 2019, the protocol updates the treaty to meet minimum BEPS standards and introduces other changes.
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Brazil approves protocol amending tax treaty with Chile
Brazil's Lower House (Chamber of Deputies) approved the protocol amending the 2001 Brazil–Chile income tax treaty on 16 April 2025. The protocol was signed on 3 March 2022 and adopted through Draft Legislative Decree No. 722/2024. A tax
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Brazil retaliates with economic reciprocity law against US tariffs
Brazil’s government has published and enacted Law No. 15.122 of 11 April 2025 in the Official Gazette on 14 April 2025. This legislation, also known as the “Economic Reciprocity Law, enables Brazil to impose import duties and suspend trade
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Brazil: Senate approves tax treaty protocol with China
Brazil’s Senate has approved the protocol amending the Brazil-China Income Tax Treaty (1991) through Draft Legislative Decree No. 343/2024 on 8 April 2025. Signed on 23 May 2022, this protocol is the first amendment to the treaty. It will come
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