Offshores are companies or bank accounts opened in countries other than where the owner resides. These locations offer tax advantages and differentiated privacy policies to investors. Any entity, of a physical or legal nature, which fits within the laws of […]
Relevant news for foreign investors in Brazil, foreign investments can be exempt from Income Tax, according to Bill No. 4188/2021. The government asked the National Congress to include, in the Bill of Framework of Guarantees, the exemption of Income Tax […]
It is increasingly common for Brazilian technology professionals to provide services to North American companies. In some cases, it is not even necessary to leave Brazil to work for an American company. Pedro Drummond, partner at Drummond Advisors, was with […]
There are certain types of investments in the United States that have low tax rates or even no tax rate (known as Tax-free investing), that many Brazilians ignore. To talk about, Drummond Advisors held a webinar that addressed major investments […]
The Federal Government published, last Tuesday (03/15), Decree no. 10.997/22, which changes the Tax on Financial Operations Regulation (Decree no. 6.306/07). The change enters into force immediately and aims at gradually bringing the Tax on Financial Operations (IOF) rate on […]
The Administrative Tax Appeals Board (“Carf”), in a trial held on 11/09/21, kept most of a collection of Income Tax (“IR”) on profits from trusts of former congressman Eduardo Cunha, for R$ 3.76 million. In the decision at issue, Carf […]
It has probably been a long time, if ever, since any US final regulations caused an uproar to those involved in cross-border investments involving Brazil and the United States. The new final regulations (TD 9959) is of special concern to […]
The new Revenue Procedure 2022-10, released by the IRS on January 14, 2022, has established an 18-month pilot program that allows for fast-track processing of certain requests for private letter rulings. The program is expected to expire on July 14, […]
Learn about the investment possibilities in Brazil and what some technical terms such as ‘hard fork’ and ‘airdrop’ mearn Since the emergence of Bitcoin in 2009, cryptocurrencies have achieved increasing success on the global financial scene. In Brazil, the cryptocurrency […]
Some companies have succeeded in getting permission from the courts to collect a fixed amount of ISS, through a professional society, which are formed by a group of professionals who share a common function. According to Decree Law No. 406, […]