Nélio Weiss Philippe Jeffrey The Brazilian tax authorities issued, on May 13 2008, provisional measure 428 (PM 428) which extended specific tax incentives and modified some criteria of special tax regimes. These incentives, enacted back in 2004, are available mainly to exporting local entities and also to the information technology (IT) industry. Some changes set forth in PM 428 can be summarised as follows:
June 30 2008