Brazil Adds Ireland to Black List and Austrian Holding Companies to Grey List

On 13 September 2016, Brazil published Normative Instruction RFB No. 1658/2016 in the Official Gazette, which amends Normative Instruction RFB No. 1037/2010 (list of low tax jurisdictions and privileged tax regimes). The main amendments include:

• The addition of Curacao, Ireland and Sint Maarten as low tax jurisdictions (black list), and the removal of the Netherlands Antilles;
• The addition of the Austrian holding company regime as a privileged tax regime (grey list); and
• The addition of a de…