Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...

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Other Brazilian Tax Considerations1. Capital Gains• As a rule, capital gains realized by non-Brazilian residents upon the disposal of assetsare subject to income tax in Brazil at the rate of 15%, whether the disposal is made toa Brazilian resident or to another non-Brazilian resident• The applicable rate is increased to 25% if the non-Brazilian resident is located in aFavorable Tax Jurisdiction2. Income• As a rule, any income paid, credited, delivered, employed or remitted by a Braziliansource to an individual or legal entity residing abroad is subject to withholding incometax and, depending on the nature of the transaction that generates said income, othertaxes may be applied (such as PIS and COFINS, Tax on Services – ISS andContribution for Economic Domain Intervention – CIDE)
Other Brazilian Tax Considerations3. Foreign exchange transaction• The conversion of Brazilian reais into foreign currency and the conversion of foreigncurrency into Brazilian reais, may both be subject to the Tax on Foreign ExchangeTransaction (“IOF/Exchange”). Although for most foreign exchange transactions, therate of IOF/Exchange is 0.38%, it may be increased, at any time, up to 25% (applicableonly for future transactions)
Page 1: Brazil - U.S. Business CouncilBrazi
Page 6 and 7: Limitations to Foreign Investment
Page 8 and 9: Establishing a company in Brazil•
Page 10 and 11: Acquisition of Equity Interest• A
Page 12 and 13: Brazilian Corporate TaxationReal Pr
Page 14 and 15: Taxes on Company’s DistributionsD
Page 18 and 19: Other TaxesOther Federal Taxes• I
Page 20 and 21: Tax Incentives• REIDI - Special R

Brazil's Tax and Trade Policies under the Rousseff - Brazil-US ...

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