Brazil has recently been taking part in the international tax scenario, participating in BEPS, and has submitted a formal request to become a member of the Organization for Economic Co-operation and Development (“OECD”).
With a strong currency, controlled inflation, a democratic political system and press freedom, Brazil offers a stable economic environment for long term investments, specifically related to transports and social infrastructure. By 2030, Brazil is expected to become the 8th largest economy, entering for the G-8 group of the world’s leading economies.
KPMG’s International Corridors network of local and in-country professionals collaborates with organizations serving companies that are investing and doing business in the region to provide our clients insights and assistance in gaining local knowledge and developing success strategies.
Murilo Rodrigues de Mello
Application of the service tax has been extended to activities including streaming and advertising, and a standard, uniform rate of service tax has been established at 2%.
The Migration Law establishes the rights and duties of immigrants and visitors, and the principles and guidelines regarding related public policies.
The request to join the OECD is part of the government’s strategy to regain the confidence of foreign investors into the Brazilian economy.
KPMG's ENR leader partners will discuss over three main challenges faced by companies of this sector. (Portuguese language webcast)