Brazil Tax Review April 2019

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Important Developments in Brazil’s Double Taxation Convention (DTC) Network There have been important Developments in Brazil’s DTC network in the last month. In a nutshell, Brazil and Poland are negotiating a DTC aiming to facilitate trade and economic relations between the countries, which currently face obstacles. Moreover, Brazil and Chile are revising their DTC in…

Argentina going big on cryptocurrency adoption

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While cryptocurrency mass adoption may still take a little more time to take place, there are several countries in the world that truly see the benefits of crypto and are willing to take the ‘risk’ by adopting cryptocurrency earlier than the others… Here are 5 countries that are going big with cryptocurrency adoption.  The words “mass…

Taxes in Brazil

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Residency An individual is considered a resident of Brazil when he or she is holding a permanent visa, or a temporary visa with an employment agreement. An individual is a resident without an employment agreement when staying in Brazil for more than 183 days within 12 months. A foreign company is a resident if it…

São Paulo offers tax breaks to boost auto manufacturing

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São Paulo state government in Brazil has kicked off IncentivAuto, an incentive program promising to reduce the state VAT (ICMS) tax rate by up to 25% for vehicle manufactures investing at least 1bn reais (US$262mn) and generating at least 400 jobs in the state. The discount will be proportional to the investment volume, with a…

Brazil auto production up 29.9% in February

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Automobile production in Brazil rose 29.9% in February from January, while sales slipped 0.6%, the national automakers’ association said on Monday. Automakers in Brazil produced around 257,200 new cars and trucks last month, while sales totaled about 198,600 vehicles, according to industry group Anfavea. Compared with a year ago, auto output rose 20.5% and sales…