Brazil Senate approves Provisional Measure addressing new transfer pricing rule, enforceable from 1 January 2024

12 May 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, Transfer Pricing|Brazil

The Brazilian Federal Senate has approved transfer pricing legislation.
This represents one of the last steps in implementing a transfer pricing system in accordance with the guidelines established by the Organisation for Economic Co-operation and Development, and multinational groups must adequately prepare.
This Tax Alert highlights the final legislation and changes made from an earlier draft.

General context

The Brazilian Federal Senate has approved legislation addressing the new transfer pricin…

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