Brazil’s Unified Nota Fiscal e-Invoicing Progress
Type: Legislation The Brazilian government aims to simplify e-invoicing through a new National Statute for Tax Obligations. This statute covers the standardization of e-invoicing formats at municipal, state, and federal […]
Brazilian Tax Reform Approved in Lower House of Congress
In a significant development for Brazil’s tax landscape, on July 6 of 2023, part of the proposed tax reform successfully gained approval in the lower house of Congress, marking a […]
Brazil: Senate approves legislation on new Transfer Pricing framework
The Brazilian Federal Senate approved on May 10th, 2023, Bill of Law n. 8, which stems from Provisional Measure n. 1.152 (“MP 1.152/22“). The below changes were introduced following the […]
Nota Fiscal Eletrônica e-invoicing update
Type: Legislation Brazil postponed the Nota Fiscal de Serviós Eletrônica (NFS-e) requirement from 3rd of April to 1 September 2023 for small and unincorporated taxpayers. The electronic invoice system records […]
Brazil: Provisional measure introducing new TP rules
On the 30th of March, the Chamber of Deputies passed the Provisional Measure n. 1.152 (“MP 1.152/22“), introducing the Arm’s Length principle and aligning the Brazilian transfer pricing rules to […]
Introducing the Arm’s Length principle in Brazil
After years of cooperation between the Receita Federal do Brasil (“RFB“) and the OECD, on 29 December 2022, Brazil issued the Provisional Measure n. 1.152 (“MP 1.152/22“), introducing the Arm’s […]
