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Brazil Announces New WHT Rates For Non-Res Capital Gains

by Glen Shapiro, Tax-News.com, Washington

30 August 2017


Brazil on August 25, 2017, published Normative Instruction RFB no. 1732 in the Official Gazette, introducing new income withholding tax rates on income from the sale of assets or rights located in Brazil by a legal entity domiciled overseas.

Withholding income tax (IRRP) should be withheld on gains from the sale of such assets by a non-resident entity at progressive rates.

According to the Instruction, a 15 percent rate of IRRP should now apply to the portion of the gain not exceeding BRL5m (USD1.58m); 17.5 percent on the portion up to BRL10m; 20 percent on the portion up to BRL30m; and 22.5 percent on any remainder.

TAGS: tax | law | legislation | tax rates | withholding tax | Brazil

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