On 20 January 2015, Brazil published Law 13,097/2015 which converts into law Provisional Measure 656/2014. One of the key aspects of the law is changes in bad credit write-off limits for taxpayers using the actual taxable income method to determining their tax base. The limits are as follows:

• Unguaranteed debt up to BRL 15,000 per transaction if outstanding for over 6 months whether or not jud…