A source who has seen the draft law said it brings clarity on intangibles and other areas of TP including tax planning.
Lula’s victory in the presidential election could push back Brazil’s timeline for adopting TP guidelines, say sources from corporations and elsewhere.
Tax directors from three MNEs, including JTI, say the timeline of Brazil’s alignment with OECD standards depends on the upcoming presidential results.
Sources want Brazil’s TP regime to align internationally, as some local companies face high interest rates and taxation after continuous rises.
Sponsored by MachadoGabriel Caldiron Rezende of Machado Associados discusses the measures taken by the Brazilian federal government to increase the benefits for exporters.
Sponsored by MachadoCecilia Yokoyama and Juliana Mari Tanaka of Machado Associados discuss the legal definition of praça that sets the taxable basis for excise tax in transactions carried out between interdependent companies.
Sponsored by EY Asia-PacificThe indicators point in one direction: an increase in tax controversy, as authorities’ resources are ploughed into increased scrutiny. Luis Coronado of EY explains why, and suggests what tactics businesses should be adopting.