Provisional Measure 1,171/23 (PM 1,171), published on 30 April 2023, aims to amend certain tax provisions dealing with Brazilian individual taxation on financial investments, controlled entities and trusts held abroad, in addition to updating the monthly progressive tax rates applicable to individuals.
The PM is a type of Decree, signed and published by the President, with the power of a Law that needs to be approved by the Congress within 60 calendar days from publication (that is extendable by …