Tax and Customs

Setting Up a Company in Brazil: a Checklist

Setting up a company in Brazil is not as simple as in most developed economies. The process of registration (and deregistration) contains various procedural steps that are...

Investing in Brazil via a Share Investment Fund (“FIP”)

Quick read: Share investment funds (fundos de investimentos em participações, “FIPs”) are tax effective Brazilian vehicles for investing in private and public-listed...

Simplified Special Regime for Brazilian Startups

On 24 April 2019, Complementary Law 167/2019 (“Law”) was published. The Law creates a simplified system for startups. The Law defines as “disruptive companies” those...

Tax Reform: Brazil to Adopt Australian/NZ GST System

For the first time in decades, the current Brazilian government is taking actual steps to radically improve the Brazilian tax system. There are two Bills that will be backed by...

Brazil’s Federal Revenue Department

A brief introduction to Brazil’s all powerful tax department. What does it do? The Brazilian Federal Revenue Department (Receita Federal do Brasil, “RFB”) is part of the...

Cost Contribution Agreements in Brazil

Quick Read: Cost contribution agreements (“CCAs”) allow for the sharing of costs among companies of the same corporate group. Brazil adopts the OECD definition of CCAs....

Appointing a Distributor in Brazil

Quick Read: Little bureaucracy: Appointing an agent in Brazil does not require any formal steps. Flexible: Parties have great freedom to decide on the terms of their distribution...

Low tax on importing goods into Brazil: the Temporary Admission Regime

Brazil’s temporary admission regime (regime de admissão temporária) allows certain goods to temporarily enter Brazil without the payment of import-related taxes. This is a...

Translation of Declaration of Rights of Economic Freedom

Below in italics is my translation of Chapter II of Law 13,874/2019, together with links. This Law marks a major shift in the way business law is to be interpreted in Brazil, so...

Brazil-Norway Double Tax Agreement Amended

More power to the authorities and less secrecy for taxpayers. On 9 August 2019, Decree 9,966/2019 was published. This was the last step required for the Protocol amending the...