Brazil transfer pricing law enforceable beginning 1 January 2024

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

Brazil has enacted a new transfer pricing law that may be early adopted in 2023 and will become mandatory in 2024.
The Brazilian Revenue Authority will likely invite public comments on the new law in the near future.
Taxpayers should begin preparing for imposition of the new rules.

General context

A new law, published in the Brazilian Federal Official Gazette (Diário Oficial da União - DOU) on 15 June 2023, establishes a transfer pricing (TP) framework in Brazil that is aligned with the guidelines p…

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