Brazil – a promising market for international business beyond its challenges

Brazil has long been considered one of the most promising markets for international business expansion, but also a very challenging one. The complexity of the Brazilian tax system causes recurring concern to foreign investors.

Given this scenario, Brazil has recently adopted some domestic procedures and entered into international agreements aiming for a greater transparency and fiscal efficiency. As an active Key Partner of OECD, Brazil is engaged with the BEPS initiative and has recently submitted a request to OECD to be accepted as a formal member. Steps that reveal a genuine effort by the Brazilian government to improve its business environment.

Recent decisions adopted by the administrative courts have also contributed to a greater clarification of the different tax implications for international remittances and indicates the need for foreign investors to revisit their current tax practices, aiming both its correction and opportunities to reduce the tax burden associated with such remittances.

With this in mind, we have captured certain aspects that foreign companies should consider while doing business with or in Brazil.

Seminar, November 22, in Stockholm

We are hosting a seminar on November 22 where we will be talking about the key aspects of the Brazilian tax system, tax transparency and efficiency in Brazil and also Brazilian taxation on cross-border remittances. The seminar will be held in English and Gabriel Buratto from PwC’s European Desk in Brazil, will share his expertise on the subject.

Please join us in this interactive session on Brazilian Tax Highlights.