Preparing for take-off – ITR's Brazil Special Focus launched

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Preparing for take-off – ITR's Brazil Special Focus launched

Brazil flag being pushed into the ground by a male silhouette. 3

Brazil's tax world is set to blossom in the 2020s. ITR has partnered with leading tax advisors to give you the key takeaways for the upcoming year and decade ahead.

Tax lawyers are the unassuming superheroes of Brazil. According to the World Bank, a Brazilian company on average takes longer to prepare, file and pay taxes than anywhere else across the globe. Alongside national charges, there are regional taxes imposed by 27 states and more than 5,500 municipalities. Predictably, there is one word on every policymaker's mind: Reform.

ITR brings you practical insight, in English and Portuguese, into some of the most significant recent developments from the Brazilian tax world.

The guide takes on a journey across a range of topics on reform, considering the main objectives and challenges that lay ahead. In addition, the much-debated opinion regarding the offsetting of tax losses in the termination of companies is also discussed.

Brazil is simultaneously undergoing the most radical changes to its transfer pricing (TP) regime in decades. By taking a novel approach, policymakers have sought to adapt the country's historically formulaic TP framework to align with international standards.

This guide explains the importance of Brazil's convergence towards the OECD's model and evaluates its merits. Meanwhile, further trends, inspired by global adherence, including the tax implications of increased cost-sharing agreements and the utility of US-inspired tax transactions to resolve disputes, are analysed.

Digital technology continues to transform the order of business in Brazil. Manufacturers have stepped up their investment in research and development and the government has incentivised innovation through the form of tax-deductible financial credits.

The guide considers how Brazil has dealt with the growing digitalisation of its economy, while looking deeper at how beneficial tax laws are helping fintechs disrupt traditional banks. In contrast, the gap between legislation and reality is also discussed, especially when taxing transactions involving digital goods and services.

Brazil's tax world is set to blossom in the 2020s. We hope that you enjoy hearing from the tax experts leading the progression in our first Brazil Special Focus.

Prin Shasiharan

Commercial editor

ITR

more across site & shared bottom lb ros

More from across our site

The US law firm’s tax counsel tells ITR about inspirations from a ‘legendary’ German tax scholar, perfecting riesling wine and what makes tax cool
Wopke Hoekstra also swore the EU would ‘hit back harder’ if faced with a trade war; in other news, a UK watchdog has launched an investigation into an audit completed by MHA
Other reasons included the complexity of reporting, resource constraints and interactions with tax administrations
Despite this boost for investors, the OECD also said that extensive reliance on income-based instruments across economies is concerning
A recent UK First-tier Tribunal decision highlights the broad application of an anti-avoidance rule to deny tax relief, say Robert Waterson and Matthew Cummings of Eversheds Sutherland
The world’s largest legal market is typically alive with activity, with tax firms jostling for position ahead of the World Tax Rankings and ITR Awards
Public funding will allow the firm to invest in lateral hires, technology and further bolt-on acquisitions, MHA said
William Paul is being replaced as IRS chief counsel just two months after starting, it is understood
Wopke Hoekstra implored US officials to ‘truly look into the facts’; in other news, the EU Council has reached a political agreement on DAC9
The US president’s flippant approach to international trade will cause chaos for corporations, but there are opportunities for intrepid tax advisers
Gift this article