On 13 November 2014, Brazil published in its Official Gazette the presidential decree promulgating its income tax treaty with Trinidad and Tobago. The treaty, signed 23 July 2008, is the first of its kind between the two countries. Although the treaty was ratified by both countries and the ratification instruments exchanged on 23 September 2011, in respect of Brazil, tax treaties are not officially in force in the country until the presidential decree is published. Taxes Covered The treaty covers Brazilian federal income tax, and Trinidad and Tobago corporation tax, income tax, unemployment levy, petroleum profits tax and the supplemental...