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: IRS simplifies penalty relief, introduces automatic process for eligible taxpayers
The US Internal Revenue Service (IRS) announced on 8 July 2026 that it introduced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance. The
Read MoreUS: IRS, Security Summit launch summer series to help tax pros protect clients from identity theft
The US Internal Revenue Service (IRS) and Security Summit partners launched the summer “Protect Your Clients; Protect Yourself” campaign on 7 July 2026, which is a five-week series highlighting practical steps tax professionals can take to
Read MoreBrazil announces scheduled CNPJ system shutdown ahead of alphanumeric Tax ID rollout
Brazil's Federal Revenue Service (RFB) has announced on 7 July 2026 that its CNPJ Mainframe environment will be unavailable on 25 July 2026, from 7:00 am to 7:00 pm, to facilitate the implementation of the new alphanumeric CNPJ (Brazilian National
Read MoreBrazil: RFB issues guidance on corporate social contribution on net profit
Brazil’s Federal Revenue Service (RFB) announced, on 8 July 2026, that it has introduced an additional Corporate Social Contribution on Net Profit (CSLL) to enforce a 15% minimum tax rate on multinational companies. The CSLL Surcharge aligns
Read MoreUS: HTS revision focuses on statistical reclassifications, Section 301 scope
The US International Trade Commission’s latest update to the Harmonized Tariff Schedule is primarily a housekeeping and scope-adjustment revision. HTSUS Revision 11, effective 2 July 2026, introduces no changes to standard MFN duty rates. Instead,
Read MoreEU hits US, Chinese chemicals with heavy duties amid wave of future controls
Regulatory activity in the European Union this week was marked by a dual-pronged tightening of trade policy. The most immediate impact came from the imposition of severe new anti-dumping duties on key chemicals imported from the United States,
Read More