Brazil modifies how investment funds will be taxed

05 September 2023|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation|Brazil

A new provisional measure makes changes to how closed-ended and some specific investment funds in Brazil will be taxed.
Key changes include a periodic withholding taxation mechanism for unrealized gains on a semi-annual basis instead of upon the liquidation of the investment.
The new rules should enter into force on 1 January 2024; however, the provisional measure needs to be converted into Federal law by the Brazilian Congress within a certain period to become permanent or it will lose its effect…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.