Law 11.371/06 published in the Official Gazette of the Union of 29 November 2006, enacted amendments on the rules concerning the taxation of aircraft leasing transactions, foreign exchange transactions, and registration of foreign capital.
Aircraft leasing operations
Remittances abroad of fees paid for the leasing of capital goods are generally subject to a 15% corporate withholding tax. Law 11.371/06 establishes a withholding tax exemption on payments r…