News

Media Relations

4 Press Comunicação

Leandro Andrade

[email protected]
Tel. +55 11 5096 0439

BRAZILIAN TAX REVIEW – MAY/JUNE 2016 1 May 2016

AMORTIZATION OF GOODWILL IS DEDUCTIBLE FROM CSLL CALCULATION BASIS The Higher Chamber of the Administrative Tax Appeals Council (“CSRF”) has recently ruled that the amortization of the goodwill derived from the acquisition of investments is a deductible expense from the Social Contribution on Net Profit (“CSLL”). The court held that[...]


BRAZILIAN TAX REVIEW – SEPTEMBER/OCTOBER/NOVEMBER 2015 1 September 2015

1) The Superior Court of Justice holds that the Federal excise tax (IPI) is levied on saleS of imported goods Even though an earlier ruling from the Superior Court of Justice was favorable to taxpayers, in a decision under the repetitive appeals system (Recursos Repetitivos), the Court held that sales of imported goods are subject to the Excise[...]


SPECIAL REPORT GSGA BRAZILIAN TAX REVIEW – MARCH/APRIL/MAY/JUNE 2015 – 1 April 2015

Constitutional Amendment 87/2015 – Division of the ICMS tax in interstate transactions and provisions of services intended for final consumers Constitutional Amendment 87 has changed how the Tax on the Circulation of Merchandise and Services (Imposto sobre Circulação de Mercadorias e Serviços), or ICMS, is divided in transactions with[...]


GSGA – SPECIAL REPORT – BRAZILIAN TAX REVIEW 01/2015 – DECEMBER/JANUARY/FEBRUARY 1 January 2015

Brazil issues a new regulation on the program to allow exporters to recover residual tax costs (REINTEGRA) Law 13,043/2014 has reintroduced the program to allow exporters to recover residual tax costs incurred in the export production chain, ranging from 0.1% to 3% of their total export revenue (REINTEGRA). According to Decree 8,415/2015, the[...]


GSGA – SPECIAL REPORT – BRAZILIAN TAX REVIEW 06/2014 – JULY/AUGUST 1 June 2014

Brazilian Government extends Manaus Free Trade Zone The Manaus Free Trade Zone was conceived as an import and export free trade area with special tax incentives (tax breaks, extra tax credits and deferrals) that was supposed to last until 2023. However, the Brazilian Congress enacted Constitutional Amendment 83/2014 on August 6, extending the[...]


GSGA – SPECIAL REPORT – BRAZILIAN TAX REVIEW 03/2014 – APRIL/MAY/JUNE – 1 March 2014

Taxation of Profits of Controlled Foreign Companies (CFC): Double Taxation Conventions must prevail over domestic rules The Superior Court of Justice (STJ) has recently decided a case involving the applicability of Brazilian CFC rules in cases in which the controlled company is located in a country with which Brazil has a Convention for[...]


GSGA – SPECIAL REPORT – BRAZILIAN TAX REVIEW 02/2014 – FEBRUARY/MARCH 1 February 2014

Withholding Income Tax on Transactions between Residents and Nonresidents – New Rule on Capital Gains and Technical Services On March 7, 2014, Brazilian Federal Tax Authorities issued a new Normative Ordinance (IN 1,455) regarding the withholding income tax on transactions between residents and nonresidents. Among the issues addressed by the[...]


GSGA – SPECIAL REPORT – BRAZILIAN TAX REVIEW 01/2014 – DECEMBER/JANUARY – 1 January 2014

Withholding Tax: New National Treasury Attorney’s Office report on remittances for services and technical assistance The National Treasury Attorney’s Office recently issued a report on the withholding tax levied on remittances abroad. The report says no withholding tax is due on remittances for technical services and assistance without[...]


GSGA – SPECIAL REPORT – BRAZILIAN TAX REVIEW 02/2013 – OCT/NOV 1 February 2013

Provisional Measure 627/2013 – Several Changes to Federal Taxes Provisional Measure 627/2013 was published on November 12. It makes a number of changes to federal taxes, including the income tax, Social Tax on Net Profit (Contribuição Social sobre o Lucro Líquido), or CSLL, Social Integration Program Tax (Programa de Integração Social),[...]