Brazil modifies how investment funds will be taxed
|Tax Alerts, Information Reporting, Legis ...|Brazil
A new provisional measure makes changes to how closed-ended and some specific investment funds in Brazil will be taxed.
Key changes include a periodic withholding taxation mechanism for unrealized gains on a semi-annual basis instead of upon the liquidation of the investment.
The new rules should enter into force on 1 January 2024; however, the provisional measure needs to be converted into Federal law by the Brazilian Congress within a certain period to become permanent or it will lose its effect…
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