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Brazil News

OECD Releases Eight New Action 14 Peer Reviews

by Ulrika Lomas,, Brussels

Friday, December 6, 2019

The OECD recently released the seventh round of stage one peer review reports, assessing eight jurisdictions' efforts to implement the BEPS Action 14 minimum standard on tax dispute resolution. Read Full Story


An Update On Brazil's Efforts To Install VAT

by Mary Swire,, Hong Kong

Friday, October 4, 2019

Brazil's Government must overcome a number of challenges, including assuaging the concerns of state authorities, if it is deliver on its plans to overhaul the country's complex indirect tax system. Read Full Story


Brazil Requires Disclosure Of Cryptocurrency Trades

by Mike Godfrey,, Washington

Friday, September 13, 2019

Brazilian virtual currency users, traders, and exchanges are required to disclose details of significant transactions for the first time. Read Full Story


EFTA And Mercosur Blocs Conclude Free Trade Deal

by Ulrika Lomas, Tax-News.con, Brussels

Thursday, August 29, 2019

The European Free Trade Association (Iceland, Liechtenstein, Norway, and Switzerland) and the Mercosur group of countries (Argentina, Brazil, Paraguay, and Uruguay) concluded in substance a broad-based free trade agreement at the tenth round of negotiations from August 20 to 23, 2019. Read Full Story


Brazil's Legislature Considering A VAT, Individual Tax Reform

by Mike Godfrey,, Washington

Thursday, July 25, 2019

Legislative proposals are being considered in Brazil's bicameral legislature to replace Brazil's various indirect taxes and social security contributions with a value-added tax and an additional, federal tax on certain supplies. Read Full Story


Brazil To Align Transfer Pricing Rules With OECD Guidelines

by Mike Godfrey,, Washington

Tuesday, July 16, 2019

The OECD and Brazil's Receita Federal issued a joint statement at an event on July 11, 2019, to present the outcomes of a 15-month work program carried out by OECD and the RFB on Brazil's transfer pricing rules and the options for aligning them with the OECD's guidelines. Read Full Story


Brazil Removes San Marino From Tax Haven List

by Mike Godfrey,, Washington

Friday, July 5, 2019

Brazil has announced that it has removed San Marino from its list of tax havens. Read Full Story


EU Agrees Largest Ever Trade Deal, With Mercosur Bloc

by Ulrika Lomas,, Brussels

Friday, July 5, 2019

The EU and Mercosur have reached a political agreement on a new trade agreement that will save EU businesses an estimated EUR4bn (USD4.5bn) worth of duties a year. Read Full Story


Brazil Releases 2019 Tax FAQs For Corporations

by Mike Godfrey,, Washington

Thursday, June 13, 2019

Brazil's General Coordination of Taxation (COSIT) has announced the release of the 2019 edition of the comprehensive FAQs for legal entities, updated with changes made to Brazil's corporate tax, social security, and international tax provisions in 2018. Read Full Story


Brazil, Uruguay Agree Anti-BEPS Provisions In New Treaty

by Mike Godfrey,, Washington

Thursday, June 13, 2019

Brazil and Uruguay have included provisions to tackle base erosion and profit shifting in a new double tax agreement, signed on June 7, 2019. Read Full Story



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