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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Sponsored by MachadoJúlio Oliveira and Gabriel Caldiron Rezende of Machado Associados summarise the tax reform bill approved by the Brazilian Congress and believe it represents a leap towards a modern and international VAT standard, although some caution is necessary
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Sponsored by VRMA AdvogadosPaulo Victor Vieira da Rocha, Murilo Jakuk Ferreira Lopes and Marina da Silva Fernandes of VRMA Advogados discuss the effects of Provisional Measure No. 1,152/22 regarding the deductibility of royalties from the corporate income tax assessment basis.
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Sponsored by VRMA AdvogadosPaulo Victor Vieira da Rocha and Murilo Jakuk Ferreira Lopes of VRMA Advogados discuss a Brazilian tax reform approved by the Lower House of Representatives that includes the possibility of a VAT refund for lower-income taxpayers.