Brazilian financial institutions will report information about U.S. customers’ accounts to the Secretariat of the Federal Revenue of Brazil.

IN 1,658/16 changes the wording of IN 1,037/10, which lists jurisdictions considered by the Brazilian tax authorities as low tax jurisdictions and privileged tax regimes.

An overview of the OECD's Common Reporting Standard and guidance on reporting requirements for Brazilian Managers and Family Offices was the subject of discussion in our webinar, hosted by DMS Offshore Investment Services and Maitland.

Foi publicado o Decreto Estadual nº 45.339/2015 por meio do qual se estabelece a concessão de diferimento no recolhimento de ICMS nas operações de aquisição de mercadorias para ativo fixo...

RERCT provides for the regularization of unreported assets of lawful origin, remitted, maintained abroad or repatriated until 31 December 2014 by Brazilian residents.

Interpretative Act No. 7, of August 15, 2014, issued by the Brazilian Internal Revenue Service (Receita Federal do Brasil – RFB), hereinafter referred to simply as IA 7/2014, deals with the taxation of cross-border payments for the use of data centers located abroad (i.e. based outside Brazil), known as offshore data centers. Our

Since its inception, Law no. 13.254/2016, which establishes the legal provisions of the so-called Brazilian amnesty program for undeclared foreign assets, has generated many questions and some controversy.

Recent regulatory updates in BVI and Cayman Islands introduce significant changes to economic substance reporting and CRS compliance requirements. BVI migrates its annual reporting to the VIRRGIN platform with new data fields potentially becoming mandatory throughout 2026, while Cayman Islands consolidates CRS deadlines and implements new Principal Point of Contact requirements.

The Brazilian Federal Government decided to reduce from 20% to 17% the percentage of the maximum income tax rate required from the low-tax countries classified as "favored taxation country or dependency" (país ou dependência com tributação favorecida) or "privileged fiscal regime" (regime fiscal privilegiado).

Foi publicada pela Secretaria da Receita Federal do Brasil a Instrução Normativa RFB 1.674, de 28 de novembro de 2016 ("IN 1.674/16")...

On September 14, 2016, the Federal Revenue of Brazil published Normative Instruction RFB 1,658/2016, which updates the blacklist (list of tax havens) and the graylist (list of privileged fiscal regimes).

In this post we will address the details of the Tax Information Exchange Agreement ("TIEA") and of the Intergovernmental Agreement ("IGA") signed between Brazil and the United States.