Transfer pricing provisions – amendments to interest payments regulations

Normative Instruction 1,322 (Instrução Normativa 1,322/2012), issued by the Federal Revenue Office and published in the Official Gazette of 18 January 2013, amends the transfer pricing rules for interest payments regulated by Normative Instruction 1,312 (NI 1,312/2012.

As expected, NI 1,312/2012 was amended to reflect the new rules set forth by Law No. 12,766/2012, and the effective date (1 January 2013), as the original text was not in line with the law.

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