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Brazilian Government publishes Provisional Measure introducing OECD Pillar Two rules

|Tax Alerts, Information Reporting, Legis ...|Brazil
Brazil

  • The Provisional Measure aims to follow the GloBE Model Rules and introduces a QDMTT.
  • The QDMTT rules are expected to apply starting on January 2025, with a transitional safe harbor period of three years.
  • Taxpayers should evaluate the implications of the Provisional Measure and prepare to comply with potential filing requirements in case they do not qualify for safe harbors.
 

On 3 October 2024, the Brazilian Government published Provisional Measure (PM) No. 1.262 and Normative Instruction (NI) …