Written by On 14 October 2022, the Brazilian Senate finally approved the Tax Information Exchange Agreement with Bermuda (the “TIEA”). The TIEA was signed by Brazil and Bermuda on 29 October 2012, almost ten years before Senate approval, and will now proceed through Brazil’s remaining domestic steps before Brazil can notify Bermuda.
Status note
Treaty-process articles can date quickly
Because tax treaty and information exchange agreement articles can become outdated as they move through domestic approval, promulgation and notification stages, readers should confirm the instrument’s current status before relying on this article as a statement of present law.
On the Brazilian side, the TIEA is relatively limited in scope, covering only information relating to Brazil’s income tax (imposto de renda) and similar taxes. On Bermuda’s side, the TIEA extends to information relating to indirect taxes of any nature and denomination.
Importantly, once the TIEA comes into force, Brazil and Bermuda may exchange information relating to tax crimes that took place before the TIEA entered into force. For other matters, however, the exchange will be limited to information relating to tax periods beginning on or after the date on which the TIEA comes into force.
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Last modified: 4 April 2026
The site is managed by Fabiano Deffenti, a lawyer admitted to practise in Brazil and Australia, enrolled as a barrister and solicitor in New Zealand and licensed as an attorney-at-law in New York.