• Brazil Amends Transfer Pricing System
  The Brazilian government has amended its Transfer Pricing Regulations (TPR), which may affect companies doing business in the country. New Normative Instruction (NI) 1,312 regulating new transfer pricing provisions were issued.
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• Brazil Enacts Rigorous Anti Corruption Law
  Brazil has finally passed the long proposed Anti Corruption Law which will ensure that Brazilian and foreign companies with offices, branches or agents in the country are strictly liable for acts of corruption against public authorities, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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• Brazil Enacts Rigorous Anti Corruption Law
  Brazil has finally passed the long proposed Anti Corruption Law which will ensure that Brazilian and foreign companies with offices, branches or agents in the country are strictly liable for acts of corruption against public authorities, says Nair & Co. which provides international expansion services for companies setting up foreign operations.
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• Brazil Extends Deadline for Specifying Taxes on Invoices
  The Brazilian government has issued a Provisional Measure effective from June 12, 2013, extending the cut-off date for mentioning the percentage wise break up of taxes on invoices and receipts, says Nair & Co. which provides international tax consulting for companies expanding overseas.
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• Brazil Introduces New Amendments to Financial Transaction Tax (IOF)
  The Brazilian Government has introduced new amendments to the regulations on financial transactions tax (IOF) imposed on foreign exchange transaction with effect from March 1, 2012.
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• Brazil Launches Program to Verify Employees Details
  The Brazilian government has launched the preliminary phase of the electronic registration program under which business entities are asked to submit social identification number and birth date of all employees.
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• Brazil Proposes Revised Anti Corruption Law: Update from International Tax Compliance Services Team
  The Brazilian government has presented an anti-corruption bill for consideration before the senate; the anti- corruption bill imposes liability on businesses involved in foreign and domestic bribery.
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• Brazil Reduces Financial Transaction Tax (IOF) to Nil; Encourages Businesses to Invest in Certain Sectors
  The Brazilian Government has reduced the rate of financial transaction tax (Imposto sobre Operações Financeiras – IOF) on certain insurance policies to nil. The declaration pertaining to tax reduction has been published on August 16, 2012 and takes effect 90 days following its announcement.
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• Brazil: Companies Evaluating Taxable Income under Actual Profit Method will be Qualified for Accelerated Depreciation
  The Brazilian government has regulated accelerated depreciation with the publication of Decree 7,854, effective from December 4, 2012. For corporate income tax purpose, companies evaluating their taxable income under actual profit method will be qualified for accelerated depreciation.
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• Brazil: New Decision on Transfer Pricing Policy
  The Brazilian tax authority (Receita Federal do Brazil—RFB) recently presented a new decision allowing taxpayers to adjust their transfer pricing policies.
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• Budgetary Updates 2013: Canada, Cuba, Belgium
  Know more about Belgium Provisions in Budget 2013, Canada 2012 Federal Budget Measures Adopted, Cuba Overhauls the Tax System with Nair & Co., your ideal partner during international business expansion.
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• Luxembourg Implements New Tax Provisions
  Luxembourg has implemented various measures with the aim of increasing revenue through taxation. Most of the provisions come into effect from January 1, 2013.
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