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Brazil Clarifies Tax Treatment of a Branch of a Foreign Company

|Approved Changes|Brazil
Brazil

Brazil has published Private Ruling 351 of 29 June 2017, which clarifies the tax treatment of branches (subsidiaries) in Brazil of foreign legal entities, and in particular, a foreign legal entity that is a non-profit. The ruling includes that branches of non-resident in Brazil are to be treated the same as resident companies. As such, a branch in Brazil of a foreign non-profit will be entitle…

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