A “tax package” has been proposed by the Ministry of Finance with a goal of improving the state budget. The measures in the proposed tax package generally would increase the tax burden for Brazilian resident or local operations, and also could be expected to affect the tax burden of multinational companies with investments in Brazil.
Some of the measures have already been formalized and are pending approval, amendment or rejection by the Congress. Others, however, are still being drafted or finalized.
Among the proposals in the tax package are the following measures:
Read an October 2015 report (English) prepared by the KPMG member firm in Brazil: Introduction of tax and expense cutting measures
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