Brazil Clarifies PIS/COFINS on Royalty and Technical Service Payments and Payments for Services under Cost Sharing Agreements

Brazil has published Private Ruling 316 of 20 June 2017, which clarifies the payment obligations for social security contributions (PIS/COFINS) on technical service and technical assistance payments to non-residents in connection with royalty payments. The ruling provides that royalty payments on their own are not subject to PIS/COFINS, but technical service/assistance payments are. Where the …
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