Tax and Customs

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...

San Marino removed from Brazil’s tax haven list

On 27 June 2019, the Brazilian Federal Revenue Department (“RFB”) published Normative Instruction 1,896/2019. The regulation removes the Republic of San Marino from the...

Medicinal Cannabis: ANVISA Opens Public Consultation

Brazil’s Health Regulatory Agency (Agência National de Vigilância Sanitária, “ANVISA”) has published two public consultations: for regulations regarding the...

TIEAs with the UK and Switzerland in Force

On 30 May 2019, Brazil’s President (Jair Bolsonaro) signed two decrees (Decree 9,815/2019 and Decree 97,814/2019) approving the tax information exchange agreements...

New Rules Bring Major Improvements to Brazil’s Business Environment

On 30 April 2019, Provisional Measure 881/2019 (Medida Provisória 881/2019, “MP”) was published and came into force. Nicknamed “The MP of Economic Freedom”, the MP brings...

Updated: Brazil-Switzerland Double Tax Agreement Signed

Brazil and Switzerland have entered into a double tax agreement. The Convention for Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax...

Setting Up a Company in Brazil: a Checklist

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

Appointing a Distributor in Brazil

When companies staring looking at entering the Brazilian market, they generally seek to sell their goods or services. The appointment of agents can be tricky, as mandatory...

Mining Agency to Share Information with Revenue Department

On 10 January 2019, an extract of the agreement between the BrazilianNational Mining Agency (“ANM”) and the Federal Revenue Department (“RFB”) was published in the Federal...

Updated: Disclosure of Ultimate Beneficiaries to the Brazilian Federal Revenue Department

Quick read: The Brazilian Federal Revenue Department (“RFB”, from its original in Portuguese) has issued new rules for the disclosure of ultimate beneficiaries of foreign...