Post by shikapatho on Oct 19, 2023 0:39:17 GMT -5
The Special Secretariat of the Federal Revenue of Brazil made available as the draft Normative Instruction that will regulate the new transfer pricing system in public consultation to collect comments and suggestions from interested parties.
Transfer pricing rules are used for tax purposes to allocate profits or losses among the various entities of a multinational corporate group. On December Provisional Measure was issued, significantly whatsapp database modifying Brazilian transfer pricing rules. The Provisional Measure was converted into Law .
The new law expressly incorporates the arm's length principle into the Brazilian legal system. This new regime must be applied mandatorily from 2024 or optionally for 2023 for taxpayers who wish to anticipate the effects of the new law.
The regulation will be published by the Special Secretariat of the Federal Revenue of Brazil in the form of a Normative Instruction that will be updated periodically to reflect the needs for additional practical guidance and clarification considerations. At this moment, the Special Secretariat of the Federal Revenue of Brazil makes available for comments and suggestions the provisions of the draft Normative Instruction that will be published with the aim of regulating certain aspects of the new transfer pricing system.
With more than a decade of experience in the area of transfer pricing, I set out to create a community for discussion, dissemination and demystification of the topic of transfer pricing in Brazil. Through this blog, I provide light and didactic language, from the main concepts to more complex issues involving the topic. Don't forget to subscribe, like, comment, suggest and criticize. Let's together create the largest TP community in Brazil.
Transfer pricing rules are used for tax purposes to allocate profits or losses among the various entities of a multinational corporate group. On December Provisional Measure was issued, significantly whatsapp database modifying Brazilian transfer pricing rules. The Provisional Measure was converted into Law .
The new law expressly incorporates the arm's length principle into the Brazilian legal system. This new regime must be applied mandatorily from 2024 or optionally for 2023 for taxpayers who wish to anticipate the effects of the new law.
The regulation will be published by the Special Secretariat of the Federal Revenue of Brazil in the form of a Normative Instruction that will be updated periodically to reflect the needs for additional practical guidance and clarification considerations. At this moment, the Special Secretariat of the Federal Revenue of Brazil makes available for comments and suggestions the provisions of the draft Normative Instruction that will be published with the aim of regulating certain aspects of the new transfer pricing system.
With more than a decade of experience in the area of transfer pricing, I set out to create a community for discussion, dissemination and demystification of the topic of transfer pricing in Brazil. Through this blog, I provide light and didactic language, from the main concepts to more complex issues involving the topic. Don't forget to subscribe, like, comment, suggest and criticize. Let's together create the largest TP community in Brazil.