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 law by the Brazilian Congress within a certain period to become permanent or it will lose its effect.Provisional Measure1 1,184/23 (PM), published on 28 August 2023, makes changes in the taxation of investment funds in Brazil and introduces a...