Brazilian Senate approves bill of law allowing for retaliatory taxation

02 April 2025|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|Brazil

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The proposed bill (No. 2.088/23), approved on 1 April 2025, would allow the Brazilian government to implement countermeasures if Brazilian products are subject to retaliatory measures by another country.
This would include increasing the Contribution on the Intervention in the Economic Domain and the Contribution for the Development of the National Cinema Industry rates applicable to payments to specific countries.
Other possible measures include restrictions on the importatio…

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