After 16 years of waiting, Brazilian Federal Supreme Court (STF) has provided - in October 10, 2014 – the decision as regards to the Extraordinary Appeal (RE) nº 240.785/MG, which concerns on the …
Transfer Pricing – A Challenge for Investors in Brazil
The rules stated by the Brazilian transfer pricing (TP) legislation are known for its complexity and for its model, which is quite different from OECD’s guidelines (international TP rules). Nordic …
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Challenges in the Management of Accumulated ICMS Credits
One of the most relevant issues faced by Nordic companies in Brazil, that have operations in international commerce (export and import), is the management of the high credit balances of the ICMS …
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Supreme Federal Court – The Enlargement of the PIS/COFINS – Import Calculation Basis is Unconstitutional
The Supreme Federal Court (STF) issued a decision in Appeal RE n. 559.937-RS providing the PIS/PASEP-Import contribution (levied at a 1.65% general rate) and the COFINS-Import contribution (levied at …
Newsletter – PNST – TAX – February 2013
As of 2013, some new tax provisions became effective, on which we briefly comment. Firstly, Law n. 12,715/12 and Normative Ruling RFB n. 1,312/12 addressed new provisions on the Brazilian Transfer …
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Tax Challenges for Nordic Investors
Nordic investors face a lot of hurdles when they decide to invest in Brazil. Their companies are subject to various taxes at federal, state and municipal level. Furthermore, a local accounting team …
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