Brazil and the United States signed an IGA (intergovernmental agreement) on 23 September 2014 in order to apply FATCA (Foreign Account Tax Compliance Act). The new IGA was focused on the FATCA requirements intended to identify the financial activities of U.S. taxpayers abroad and this exchange of information will be completed regarding the confidentiality of information by both parties.
Related Posts
US: President Biden enacts 2023 Tax Relief Act, VETT Act for disaster victims and veterans
December 18, 2024
The US President Biden has signed The Federal Disaster Tax Relief Act of 2023 (H.R. 5863) and the VSO Equal Tax Treatment Act VETT Act (H.R. 1432) on 12 December 2024. These two bills provide significant tax relief measures to support disaster
Read More
US: IRS enhances business tax account (BTA) with new features for corporate officials
December 17, 2024
The US Internal Revenue (IRS) in a release (FS-2024-31) has announced the expansion of its Business Tax Account (BTA), a convenient online self-service tool, to include C corporations on 12 December 2024. This expansion allows designated
Read More
Brazil, Slovak Republic sign amending protocol to tax treaty
December 13, 2024
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
Read More
US: Treasury and IRS finalise rules on QBU taxable income and foreign currency gains
December 12, 2024
The US Department of Treasury and Internal Revenue Service (IRS) has released final and proposed regulations on 11 December 2024 under Section 987. These regulations address the calculation of taxable income or loss and foreign currency gains or
Read More US: Louisiana adopts flat income tax rates, ends corporation franchise tax
December 12, 2024
The Governor of Louisiana signed multiple tax reform bills into law on 4 December 2024, marking a significant tax reform in the state. The state is determined to eliminate uncompetitive taxes like the franchise and inventory taxes, and broaden tax
Read More US: Rep. Ami Bera leads bipartisan push for Taiwan double taxation relief
December 12, 2024
The US Representative Ami Bera, M.D. (D-CA-06), Ranking Member of the House Foreign Affairs Subcommittee on the Indo-Pacific and Co-Chair of the Congressional Taiwan Caucus, and Rep. Andy Barr (R-KY-06), Co-Chair of the Congressional Taiwan Caucus
Read More