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Brazil

The move is the first major change in Brazil’s VAT system since the end of military dictatorship, local tax specialists told ITR
The ruling undermines Coca-Cola’s challenge in a dispute which is the final part of a $3.4 billion TP case
New guidance on TP regulation is welcome but flaws remain, according to local tax experts
Taxpayers have more time to analyse the impact of the new rules but disputes are likely, according to counsel
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