Complementary Bill seeks to allow the collection of tax on donations and inheritance of assets abroad

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Presented to the Chamber, this supplementary bill aims to allow the collection of taxes on donations and inheritances of assets abroad. The bill comes in response to the recent decision of the STF on the impossibility for States to charge ITCMD in these circumstances.

At the beginning of March, the STF determined that taxation by the States relies on the existence of a Federal Complementary Law, which does not exist at the moment.

Currently, 22 Brazilian States have rules allowing for the collection of the ITCMD on donations and inheritances of assets located abroad, with rates of up to 8%

If approved, the draft Complementary Law will meet the requirement imposed by the STF, making it possible for States to collect the ITCMD on goods abroad.

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