New Brazilian Transfer Pricing Rules
Brazil’s new Transfer Pricing rules are a reality! On June 14, 2023, Law 14,596/23 was enacted transitioning towards the Arm’s Length Principle (ALP) of the OECD to align its tax system with global standards.
This shift will impact companies operating in Brazil with transactions covered by the new rules, marking a watershed moment in Brazil’s international taxation history.
Therefore, companies should be ready for the mandatory application as of 2024, with the option for early adoption in 2023, and gain insights into the changes, challenges, and recommendations for a successful transition with the attached presentation prepared by our Tax team in Brazil.