OrbitaxBrazil Extends Provisional Measure that Amends Taxation of Certain Intangible Assets and the Digital Inclusion Exemption Incentive
|Approved Changes|Brazil
On 21 October 2015, Brazil published National Congress Act 39/2015 in the Official Gazette. The Act extends the validity of Provisional Measure (PM) 690/2015, which was published on 31 August 2015 ({News-2015-09-09/A/3- previous coverage}).
PM 690 introduced a restriction on the use of a 32% presumed profit margin for tax purpose for income from the use of copyrights and other intellectual pr…
Continue Reading
