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Brazil modifies how investment funds will be taxed

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Brazil

  • A new provisional measure makes changes to how closed-ended and some specific investment funds in Brazil will be taxed.
  • Key changes include a periodic withholding taxation mechanism for unrealized gains on a semi-annual basis instead of upon the liquidation of the investment.
  • The new rules should enter into force on 1 January 2024; however, the provisional measure needs to be converted into Federal …

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