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Brazil’s Federal Revenue Office publishes Normative Instruction on early adoption of new Brazilian transfer pricing rules

|Tax Alerts, National/Federal Taxation, T ...|Brazil
Brazil

  • On 17 February 2023, the Brazilian Federal Revenue Office (RFB) published Normative Instruction (NI) nº 2,132/23 providing guidance on the taxpayers’ option for early adoption of the transfer pricing rules set forth in Provisional Measure (PM) nº 1,152, from 28 December 2022, related to controlled transactions carried out during calendar-year 2023.

  • This regulation establishes that taxpayers interes…

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