Brazil consults changes to net profit social contribution (Pillar Two QDMTT)
The consultation period will conclude on 14 September 2025. Brazil's Federal Revenue Service (RFB) has initiated a public consultation to discuss proposed amendments to Normative Instruction RFB No. 2.228 of 3 October 2024, which governs the
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Brazil: Senate approves tax treaty with Colombia
The tax treaty will take effect once the ratification instruments are exchanged and will apply from 1 January of the following year. Brazil’s Senate approved the ratification of the income tax treaty with Colombia on 26 August 2025. Signed
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OECD endorses Brazil’s additional CSLL under Pillar Two as a QDMTT
The OECD has recognised Brazil’s additional social contribution on net profits (CSLL) as a qualified domestic minimum top-up tax (QDMTT) meeting the safe harbour criteria. The OECD officially recognised Brazil’s additional social
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Brazil: Chamber of Deputies considers introduction of digital social contribution
The CSD would apply to digital advertising services using user data and the sale or transfer of data generated by Brazilian users or collected in Brazil. The aim is to tax revenue derived from the use of Brazilian users’ data. Brazil’s
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Brazil unveils Sovereign Plan to shield exports from US tariffs
Brazil’s Sovereign Brazil Plan introduces measures including BRL 30 billion in affordable credit, extended export compliance deadlines, and increased REINTEGRA refund rates to protect exporters, preserve jobs, attract investment, and support
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Brazil launches export support programme, extends incentives for small enterprises
Brazil has extended the REINTEGRA tax credit programme to micro and small exporters, allowing them to recover 0.1%–3% of export revenue in indirect taxes, with a 3% credit rate set for 2025–2026 and a review planned for 2027. Brazil’s
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Brazil, Poland tax treaty enters into force
The tax treaty takes effect on 5 November 2025. The income tax treaty between Brazil and Poland will take effect on 5 November 2025, applying from 1 January 2026. The treaty, signed on 20 September 2022, is the first of its kind between the
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Brazil updates e-invoicing layouts
The government’s Technical Note 2025.002 version 1.20 updates the e-invoicing layouts and reviewing version 1.10 to align with the upcoming IBS/CBS indirect tax model under the tax reform. Brazil’s government has issued Technical Note
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US: Trump administration imposes 50% tariffs on Brazilian imports
The new tariffs will take effect on 6 August 2025. US President Donald Trump imposed 50% tariffs on most Brazilian imports on 30 July 2025. However, key sectors like aircraft, energy, orange juice, pig iron, and fertilisers will be
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Brazil eyeing formal trade agreement with Bangladesh
If finalised, the agreement will likely be signed at this year’s annual Brazil-Bangladesh bilateral meeting in Dhaka. Brazil has shown a strong interest in signing a trade and economic agreement with Bangladesh to enhance bilateral commercial
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Brazil: National Congress approves tax treaty with Poland
The treaty will take effect three months after the exchange of ratification instruments and will apply starting 1 January of the following year. Brazil's National Congress has issued Legislative Decree No. 186 of 2025, approving the income tax
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Brazil: Federal Supreme Court Justice reinstates financial transaction tax increase
Federal Supreme Court Justice Alexandre de Moraes has reinstated Decree No. 12.499 with retroactive effect from 11 June 2025 after failed government-National Congress conciliation. Brazil's Federal Supreme Court Justice Alexandre de Moraes
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Brazil: Senate approves tax treaty with Poland
The treaty becomes effective three months after the exchange of ratifications and applies from 1 January of the following year. Brazil's Senate (upper house of the National Congress) approved the ratification of its first income tax treaty with
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Brazil, Nigeria sign trade and investment framework agreement
The trade and investment framework agreement is aimed to strengthen economic and agricultural cooperation between the two jurisdictions. Brazil and Nigeria signed a Trade and Investment Promotion Framework (TIPF) agreement on 24 June 2025
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Brazil, Vietnam to resume tax treaty talks
The two countries agreed to advance income tax treaty negotiations initiated in 2015. Vietnamese Prime Minister Pham Minh Chinh met with Brazilian President Luiz Inacio Lula da Silva on 5 July 2025, to discuss bilateral relations. The two
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Brazil: AGU appeals suspension of financial transaction tax hike
The AGU argues that the Executive Branch has constitutional authority to adjust IOF rates and claims the National Congress violated the separation of powers by suspending presidential decrees. Brazil's Attorney General's Office (AGU) appealed to
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BRICS leaders endorse UN framework for international tax cooperation
The BRICS leaders' declaration from the 17th BRICS Summit in July 2025 highlights their support for the UN Framework Convention on International Tax Cooperation, as endorsed by BRICS Finance Ministers and Central Bank Governors. The BRICS leaders
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France, Kenya and allies push global airline ticket tax to fund climate adaptation
A coalition including France, Kenya, Barbados, and others aims to expand air travel taxes to raise billions for climate resilience in developing countries ahead of the 2025 UN climate summit. A coalition of countries including France, Kenya,
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