Archive: Brazil
![Brazilian government widens the scope of qualifying entities under presumed profit method [TAX ALERT]](http://tmagazine.ey.com/wp-content/uploads/2010/06/Search-NewsPicture.jpg "Brazilian government widens the scope of qualifying entities under presumed profit method [TAX ALERT]")
Brazilian government widens the scope of qualifying entities under presumed profit method [TAX ALERT]
May 17, 2013. Tags: Brazil, corporate tax, income tax
On 4 April 2013, the Brazilian government enacted Provisional Measure 612/2013, which extends the thresholds for companies to be eligible for the presumed profit method. A …
Brazil: senate approves provisional measure to extend presumed profit regime
March 14, 2013. Tags: Brazil, income
On 27 February 2013, the Brazilian Senate approved Provisional Measure No. 1/2013, which allows more legal entities to opt for the “presumed profit regime.” According to …
Brazil: bill on financial transactions tax under discussion
March 4, 2013. Tags: Brazil, financial transaction tax
On 25 February 2013, the Chamber of Deputies reported that it started to discuss Bill 4686/12, which establishes a minimum rate of 1% for the …
Brazil: bill on extension of income tax return deadline under discussion
February 25, 2013. Tags: Brazil, tax compliance
On 14 February 2013, the Chamber of Deputies reported that it had started to discuss Bill 4554/12, which is aimed at extending the period to …
Brazil issues new Normative Instructions that clarify the application of safe harbor provisions and interest rate pricing on intercompany financing transactions [TAX ALERT]
February 19, 2013. Tags: Brazil, safe harbor, transfer pricing
On 18 January 2013, the Brazilian tax authorities issued Normative Instruction (IN) 1.321/13 and IN 1.322/13, which provided further guidance on two issues related to …
Brazil: Federal Tax Authority issues ruling regarding treatment of interest on overpaid taxes
February 13, 2013. Tags: Brazil, corporate tax, income tax, interest, social security
On 29 January 2013, the Federal Tax Authority (Receita Federal do Brasil, RFB) issued Ruling No. 10/2013 (Solução de Consulta No. 10-2013, published in the …
Brazil: transfer pricing provisions – amendments to interest payments regulations
January 30, 2013. Tags: Brazil, interest, transfer pricing
Normative Instruction 1,322 (Instrução Normativa 1,322/2012), issued by the Federal Revenue Office and published in the Official Gazette of 18 January 2013, amends the transfer …
Brazil amends transfer pricing rules: New rules for deductibility of intercompany interest and new normative instruction [TAX ALERT]
January 22, 2013. Tags: Brazil, interest, transfer pricing
On 28 December 2012 the Law 12.766/12 introduced further changes to the recently enacted changes to the Brazilian transfer pricing rules for interest paid to …
Brazil: transfer pricing regulations on interest payments – amended
January 11, 2013. Tags: Brazil, interest, tax amendments, transfer pricing
Law 12,766/2012, published in the Official Gazette of 28 December 2012 and effective as of that date, amends the transfer pricing calculation methods for interest, …
Brazil: new monthly minimum salary for 2013
January 4, 2013. Tags: Brazil, minimum salary
Decree 7,872/2012, published in the Official Gazette of 26 December 2012, introduced a new monthly minimum salary of BRL678 (currently, BRL622), effective as of 1 …
Brazil: companies are required to detail taxes on invoices and receipts
December 21, 2012. Tags: Brazil, corporate tax, permanent establishment, transaction tax, VAT
Law 12,741, published in the Official Gazette of 10 December 2012 and effective six months from this date (June 2013), requires companies to specify on …
Brazil: tax on financial transactions further amended
December 19, 2012. Tags: Brazil, foreign, tax amendments, transaction tax
Decree No. 7,853, published in the Official Gazette of 5 December 2012 and effective from this date, further amends the Tax on Financial Transactions (Imposto …
Brazil: new tax on gross revenue – calculation details provided by tax authorities
December 17, 2012. Tags: Brazil, income tax, tax policy
Normative Opinion (Parecer Normativo) 3/2012, issued by the Federal Revenue Office and published in the Official Gazette of 27 November 2012, provides calculation details for …
Brazil: Federal Revenue Service confirms application of transfer pricing rules to back-to-back transactions
December 5, 2012. Tags: Brazil, tax regime, tax revenues
Private Ruling 9/2012 (Solução de Consulta 9/2012) (PR 9/2012), published in the Official Gazette of 13 November 2012, confirmed the Federal Revenue Service’s position that …
Brazil: The state VAT competition reaches a new stage
November 26, 2012. Tags: Brazil, tax benefits, tax incentives, tax policy, VAT
Foreign companies must assess the implications of the Supremo Tribunal Federal decision on their Brazilian operations and prepare for more tax changes. Discover how.
Brazil: requirements for cost-sharing agreements
November 21, 2012. Tags: Brazil, cost-sharing, transfer pricing
Private Ruling 8/2012 (Solução de Consulta COSIT 8/2012), issued by the Federal Revenue Office and published in the Official Gazette of 8 November 2012, provides …
Brazil – an investment success story
November 9, 2012. Tags: Brazil, foreign investment, Growth, oil and gas
A stable economy, a burgeoning domestic market and huge untapped reserves of natural resources have led foreign investors to become increasingly interested in Brazil.
Brazil: new tax regime for automotive industry regulated
October 12, 2012. Tags: automotive, Brazil, tax policy, tax regime
Decree 7,819/2012, published in the Official Gazette of 3 October 2012, regulates the Programme for Incentive of Technological Innovation of the Production Line of Automotive …
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