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Brazil Implements Common Reporting Standard for Exchange for Financial Account Information

|Approved Changes|Brazil-OECD
Brazil-OECD

Brazil has implemented the OECD Common Reporting Standard (CRS) for the exchange of financial account information. Regulation of the CRS is made through Normative Instruction No. 1680/2016, which sets out the requirements of financial institutions to identify and remit information on reportable financial accounts of non-residents, which will be automatically exchanged with other jurisdictions …

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