New withholding taxes on imported services

Journal
Schoueri, L.E.; Ribeiro, R. Pereira
Brazil
International Transfer Pricing Journal 2004 (Volume 11), No. 5
FormatPDF
EUR
40
| USD
45
(VAT excl.)

Describes in detail the Brazilian tax treatment of imported services. Brazil has taken an approach which deviates from the OECD model type of bilateral agreements, strengthened by the fact that typically Brazil's tax treaties do not contain a so-called "other income" provision. Further, as part of a recent tax reform, two new social security contributions have been established that will be imposed on the import of services.