As a fiscal crisis looms, Brazilian government scrambles to perform effective changes to the complex and overwhelming tax system. In that context, the Ministry of Finances proposed a controversial bill to reinstate taxation on dividends, leaving many foreign investors wondering how to reduce the impact of this taxation. This newsletter comments on the precautions to be taken in this respect to avoid unwanted tax risks.
Meanwhile, a project via United Nations Development Programme (UNDP) for the Ministry of Economy, with the support of the Ministry of Communications and of the national regulatory agency for telecom (ANATEL), is opening space for discussions about reform measures and strategies to rationalize taxation on the telecom sector with the purpose of expanding access to broadband connection and digital inclusion. Levy & Salomão Advogados has submitted suggestions in the context of this project and discusses them in this newsletter.
On this issue | November 2021
Taxation of dividends in Brazil – are tax treaties a way out?
Prospects of dividend taxation lead foreign investors to consider options to reduce the impact of this taxation. While the bill’s approval by the Senate remains uncertain, this may be a good time to evaluate safe options avoiding pitfalls
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Telecom tax system for the digital future
This article explains how tax constraints hinder telecom services in Brazil and addresses reform measures required to attain a more suitable environment for the significant developments expected for the sector in the near future with expansion...
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