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Brazilian National Congress Confirms Provisional Measures Increasing Taxation of Interest on Net Equity and Financial Institutions is No Longer Valid

|Approved Changes|Brazil
Brazil

Brazil has published National Congress Declaratory Act No. 67 in the Official Gazette, confirming that the validity of Provisional Measure (PM) No. 1.303 of 11 June 2025 ended on 8 October 2025. As previously reported, Brazil's Chamber of Deputies (lower house of the National Congress) failed to approve PM No. 1.303 on 8 October 2025, which was the deadline for approval to remain in force. PM No. 1.303 had provided for, among other things, an increase in the withholding tax on interest on n…

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