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Brazil Senate approves Provisional Measure addressing new transfer pricing rule, enforceable from 1 January 2024

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Brazil

  • The Brazilian Federal Senate has approved transfer pricing legislation.
  • This represents one of the last steps in implementing a transfer pricing system in accordance with the guidelines established by the Organisation for Economic Co-operation and Development, and multinational groups must adequately prepare.
  • This Tax Alert highlights the final legislation and changes made from an earlier draft.

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