Brazilian Tax Authorities Restates Brazil-Finland Double Tax Treaty
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Brazilian Tax Authorities Restates Brazil-Finland Double Tax Treaty

Recently, Brazilian Tax Authorities issued the Tax Ruling n. 6.017/2019 (“Solução de Consulta DISIT”) restating that technical services and assistance remittances to a beneficiary located in Finland do not trigger Withholding Income Tax (“WHT”). The abovementioned Tax Ruling has binding effect, therefore it must be observed and applied by the Brazilian Federal Revenue in all...

18/06/201918/06/2019by
Angel Investor funding and Tax Benefits for Brazilian Investments
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Angel Investor funding and Tax Benefits for Brazilian Investments

Seeking to encourage innovative activities and productive investments, the angel investor concept was introduced into Brazilian law. This type of funding is applied for contributions in companies classified as microenterprise or small business, a legal regime generally adopted by startups in Brazil. Up to that time, investments in innovation companies were performed mainly through convertible...

15/08/201827/08/2018by
Brazilian Tax Aspects on Import of Services
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Brazilian Tax Aspects on Import of Services

Brazilian tax system is very complex as it encompasses several taxes in different levels: Federal, State and Municipal. Additionally, tax authorities also created many ancillary obligations, what brings more complexity to the whole tax system in Brazil. Moreover, the number of taxes also adds costs to certain transactions that, in some cases, gives rise to...

10/03/201810/03/2018by
Insider Trading in Brazil: Administrative and Criminal Overview
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Insider Trading in Brazil: Administrative and Criminal Overview

Several huge corruption scandals involving the relationship between politics and companies in general have brought attention to the relevance of the Securities Market in Brazil, especially with a new Federal Law 13,506/2017 that was approved on November 14, 2017. The Securities and Exchange Commission of Brazil (CVM) was created by the Federal Law 6,385/76 in...

15/02/201804/03/2018by
Annual Census of Foreign Capitals in Brazil closes on August 15
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Annual Census of Foreign Capitals in Brazil closes on August 15

Brazilian funds and companies have up to August 15 to provide information to the Central Bank of Brazil (BACEN) in the realm of the annual census of foreign capitals in Brazil. Pursuant to Bacen’s Rule 3.795, investment funds and companies are obliged to submit information regarding to their corporate structure, their financial and accounting information...

07/08/201723/10/2017by
A Unique Golden Window to Invest in Brazil
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A Unique Golden Window to Invest in Brazil

Brazil has been hit by a series of setbacks and crises in the last five years. Falling commodities prices, a sharp rise in the dollar and internal political turmoil have driven a wedge in Brazil’s once blistering growth. Operation “Lava-Jato”, or Car Wash, has taken Brazil by storm. Leading business and political figures, once deemed...

The Health Care Market in Brazil: New Business Opportunities
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The Health Care Market in Brazil: New Business Opportunities

For several reasons, such as demographics and income, and especially because of precarious structure (in comparison with an enormous demand), Brazilian health care market is recognized as one of the most attractive in the world. Besides the lack of financial public investments, the main reason for the outdated health care system in Brazil might have...

18/06/201515/01/2018by
Time to Organize the House
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Time to Organize the House

The vigorous optimism of Brazilians has become somewhat weary nowadays. And not without cause. Data from the International Monetary Fund shows that the average growth of the Brazilian GDP was 2.5% in the period from 2004 to 2014, a figure that lies below emerging markets such as Indonesia, India and Turkey. With so (literally) discouraging...

19/03/201515/01/2018by
Statement of Brazilian Capital Abroad
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Statement of Brazilian Capital Abroad

According to the Resolution No. 3.854, of May 27th, 2010, and the Circular No. 3.624, of February 6th, 2013, both from the Central Bank of Brazil, individuals or legal entities resident, domiciled or headquartered in Brazil, must declare to the Brazilian Central Bank, all assets and values held abroad, when the amount is equal to...

03/03/201515/01/2018by
Transfer Pricing – A Challenge for Investors in Brazil
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Transfer Pricing – A Challenge for Investors in Brazil

The rules stated by the Brazilian transfer pricing (TP) legislation are known for its complexity and for its model, which is quite different from OECD’s guidelines (international TP rules). Nordic companies with related parties located in Brazil often find diffi­culties to adapt their intercompany policies to the Brazilian model and, as a consequence, face a...

15/07/201409/03/2018by
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