Awakening the giant towards reform – ITR’s Brazil Special Focus launched
At a time when tax reform in Brazil may finally become a reality, ITR has partnered with leading tax advisors to provide insight into Brazil’s tax landscape for 2021 and beyond.
Considered a priority for the recovery of the economy, the Brazilian government’s aim to approve tax reform in 2021 and unite Brazil’s abundance of taxes in a way that is simplified and manageable will be embraced by the tax world.
Partnering with five leading firms who are closest to the action, ITR brings you practical insight, in English and Portuguese, into some of the most significant recent developments, from the Brazilian tax world.
As tax reform discussions continue to slowly move forward, the digital transformation of the tax industry has taken great leaps, although many organisations are yet to begin their journey. Deloitte explain how a closer look into how talent would look in a digital tax team, as well as what tax administrations are doing and how artificial intelligence can help further down the path.
Finocchio & Ustra explore the challenges and complexities of the Brazilian tax system, while Machado Associados take a closer look at new developments concerning the taxation on service remittances abroad which, after analysis by the Brazilian Superior Court of Justice, brings new perspectives to be considered by multinational groups.
Junqueira Ie Advogados consider how Brazilian municipalities are charging property taxes from financial institutions to provide mortgage financings in Brazil and why this may have negative consequences on the economy.
Bocater Camargo Costa e Silva Rodrigues Advogados explain why Brazil does not adopt the internationally accepted arm’s-length principle as a parameter for TP rules and why this approach prevents Brazil from further integrating to the international community and engaging in important trade.
As Latin America’s largest economy takes another step closer to tax reform, we hope you enjoy reading the second edition of our Brazil guide.