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Despite the relief, Brazil’s government has also presented a bill which seeks to re-impose a tax burden on companies’ payroll, one local tax specialist told ITR
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