Legal Update


Brazilian Court Maintains Hefty Tax Assessment for AmBev

By Ed Taylor (Bloomberg BNA – International Tax Monitor) A Brazilian tax appeals court has upheld a major tax assessment against brewery giant AmBev, rejecting a goodwill amortization claimed by the company. In its May 16 […]

More Tech Investments to Qualify for Tax Break After Brazil Decree

By Ed Taylor (Bloomberg BNA – International Tax Monitor) An expansion of a Brazilian tax incentive program for information technology and communications firms has passed its first congressional hurdle. Under the government’s program, companies are exempted […]

Brazil Court Upholds Tax Credits for Royalty Payments

By Ed Taylor (Bloomberg BNA – International Tax Monitor) A ruling by a Brazilian revenue service appeals court has set an important precedent for companies seeking tax credits for their royalty payments. On April 11, the […]

Brazil’s Federal Revenue Service issues new rule on capital gain payable by legal entities domiciled abroad

Federal Revenue Service’s Normative Rule No. 1732 (IN 1732) came into force on August 29, 2017 to amend a 2014 rule (Normative Rule No. 1455/14) providing for the rates of capital gain generated by a non-resident […]