Brazil Uruguay Tax AgreementAugust 2023
The 2019 double tax agreement, DTA, between Brazil and Uruguay entered into force on July 21, 2023 applying from January 1, 2024.
According to the DTA the tax withholding rates for payments of dividends are 10%/15% depending on the percentage of shareholding in the paying company.
The tax withholding rate for payment of interest is 15%.
For payment of royalties the rates are 10%/15%.
The DTA is aimed to boost the economic relations between the two countries.
Brazil corporate tax 2023July 2023
The corporate income tax in Brazil is a combination of a 15 percent basic rate, a 10 percent surtax on income that exceeds BRL 240,000 per year and 9 percent social contribution on pre-tax profits
Brazil Colombia Tax TreatySeptember 2022
Brazil and Colombia signed on August 5, 2022 a double tax agreement, DTA, aimed to boost the economic relations between the two countries.
When in force the tax withholding rates will be for dividends, 10% when holding at least 20% of the paying company, otherwise the rate will be 15%.
The withholding rate for payment of interest will be 10% /15%.
For payment of royalties the withholding rates will be similar, 10%/15%.
Brazil Argentina Tax TreatyAugust 2018
The protocol to the 1980 double tax treaty, DTA, between the two countries entered into force on July 29, 2018 applying from January 1, 2019.
According to the DTA the tax withholding rates will be 10%/15% for payment of dividends, 15% for payment of interest and 10%/15% for royalties.
Brazil France Social Security AgreementOctober 2014
The social security agreement between the two countries entered into force on September 1, 2014.
The agreement is aimed to avoid double social security payments for individuals working in the other country.
The agreement applies, inter alia, to sickness and maternity benefits, accident at work, pensions and death grants.
Brazil Bitcoins TaxationMay 2014
According to the Brazilian tax authorities guidelines bitcoins are treated as financial assets.
Individuals holding bitcoins valued more than BRL 35,000 must pay the 15% capital gain tax.
In addition individuals holding bitcoins valued more than BRL 1,000 on December 31, 2013 must report their holding in the annual tax return.
Brazil Tax Rates 2012March 2012
The 2012 corporate income tax rate in Brazil is 34% including surtax and social contribution. The personal income tax rates vary from 7.5% to 27.5%. The highest rate relates to income exceeding BRL 46,939.
The average national VAT rate is 20%.
Brazil New 4% Financial Transactions TaxOctober 2010
The Brazilian government increased the financial transaction tax, IOF, from the previous 2% to a new 4% rate effective from 5/10/10.
The new rate relates to foreign investments in Brazilian fixed income securities and is aimed to prevent short term speculative transactions.
Note: The information in this site is for general guidance only. Users of this site are advised to take professional advice before taking practical tax decisions.
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