After several years of joint work between the Brazilian Federal Revenue Service (RFB, acronym in Portuguese) and the Organisation for Economic Co-operation and Development (OECD), on 29 December 2022, the Brazilian Government published Provisional Measure (PM) No. 1,152 which introduces new transfer pricing (TP) rules in Brazil.
The PM is a type of Decree, signed and published by the President, with the power of Law that needs to be approved by the Congress within 60 calendar days from publicatio…