Brazilian Government publishes Provisional Measure introducing OECD Pillar Two rules

04 October 2024|Tax Alerts, Information Reporting, Legislation & Policy, National/Federal Taxation, OECD, Global, BEPS 2.0|Brazil

The Provisional Measure aims to follow the GloBE Model Rules and introduces a QDMTT.
The QDMTT rules are expected to apply starting on January 2025, with a transitional safe harbor period of three years.
Taxpayers should evaluate the implications of the Provisional Measure and prepare to comply with potential filing requirements in case they do not qualify for safe harbors.

On 3 October 2024, the Brazilian Government published Provisional Measure (PM) No. 1.262 and Normative Instruction (NI) …

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.