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Brazil publishes Provisional Measure addressing withholding tax exemption for certain Brazilian corporate securities and private equity funds

23 September 2022

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Tax Alerts, Legislation & Policy, Na...

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Brazil

The Brazilian Government published a Provisional Measure (PM) that addresses the withholding tax exemption for certain Brazilian corporate securities and private equity funds.As the PM is effective as of 1 January 2023, nonresident investors should take prompt action to assess, design and implement potential restructuring or migration to other structures/jurisdictions.On 22 September 2022, the Brazilian Government published Provisional Measure 1,137/22 that addresses the withholding tax exemption for certain Brazilian corporate securities and Brazilian private equity funds (FIPs).This Alert outlines the provisions of the PM.Private Equity FundsForeign investors that are residents of grey-listed jurisdictions (such as Delaware LLCs) will be treated the same as foreign...