Brazil Clarifies Withholding Tax on Payments for Rights to Sell Software

Brazil's Federal Revenue Department (RFB) has issued Ruling No. 18 of 27 March 2017 concerning withholding tax on payments for rights to market or resale software to final consumers in Brazil that will receive a license to use the software. According to the ruling, payments for such rights fall within the scope royalties, and are therefore subject to withholding tax at the standard rate of 15%…
Continue Reading