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Brazil

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Tax authorities

Secretaria da Receita Federal do Brasil
Ministério da Fazenda
Esplanada dos Ministérios, Bloco P
CEP 70048-900, Brasilia, DF
Tel: +55 61 3412 2000/3000
Website: www.receita.fazenda.gov.br

Tax rates at a glance

(As of September 2012)

Corporate income tax rate 15% (a)
Capital gains tax 15% 25% (b)
Branch tax 15% (c)
Withholding tax
  Dividends 0%
  Interest 15% 25% (d)
  Royalties 15%
  Branch remittance tax 0%
Net operating losses (years)
  Carryback 0
  Carryforward Unlimited (e)
  1. In addition to the statutory corporate income tax rate of 15%, a surtax of 10% on income in excess of BRL240,000 per year is imposed on legal entities and a 9% social contribution tax (CSLL) is levied on adjusted net income. For financial institutions, the CSLL rate is 15%.
  2. If the capital gains are derived by a tax haven resident, the rate is increased to 25%. Foreign investors on the financial market may be subject to different rates.
  3. Branches are taxed at the same rates as domestic companies.
  4. The rate is 25% if the recipient is domiciled in a tax haven.
  5. The amount of the carryforward is limited to 30% of taxable income in each carryforward year.

Brazil

Nélio Weiss, Philippe Jeffrey and Laís Martins
PwC
Brazil

A slower annual GDP growth rate over the past two years has forced the Brazilian government to look at how it attracts investment. This has led to dramatic changes in the country's tax laws, explain Nélio Weiss, Philippe Jeffrey and Laís Martins of PwC

[Show full article]

Tax

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Growth and robust investment activity continue to characterise Brazil over the past 12 months and are expected to continue as the country prepares for two major world events, the Fifa World Cup in 2014 and the Summer Olympic Games two years later.However, ... [more]

Ernst & Young Terco's tax practice is led by Gil Mendes, who along with Marcelo Lira, is well known for his corporate tax, cross-border structuring and M&A advice. Romero Tavares is the head of the corporate tax advisory team. Werner Stuffer, who joined ... [more]

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados, is a full-service law firm with a tax practice that is particularly strong in the financial services sector but has also acquired a significant presence in the industrial and commercial sectors. ... [more]

Clients choose Pinheiro Neto Advogados, a large and well-established law firm with a reputable tax practice, for its standard quality of service. "The firm is good because it hires bright interns who are well trained so that there is a consistent quality ... [more]

Led by Gustavo Lian Haddad, Lefosse Advogados is a diverse practice active in tax consultancy, tax planning, international tax, indirect tax, and tax litigation. Its clients come from various sectors, including financial services, energy, telecoms and ... [more]

With a 40-year presence in the Brazilian market, Machado Meyer Sendacz e Opice Advogados, is a well-established and well-known law firm with a tax practice that covers all the main tax practice areas – international tax, transactional tax, tax disputes ... [more]

Trench, Rossi e Watanabe Advogados (in association with Baker & McKenzie) has doubled its number of fully dedicated tax practitioners to 60 in the past three years. One of its most recent additions was Lavinia Moraes Junqueira, who joined the firm in ... [more]

Lacaz Martins, Halembeck, Pereira Neto, Gurevich & Schoueri Advogados is a full-service law firm with almost one-third of its lawyers dedicated exclusively to taxes. Seven of the firm's 21 partners are in the tax practice, which is headed by Alexandre ... [more]

Machado Associados, Advogados e Consultores' tax practice comprises 69 professionals and is headed by José Maurício Machado. The group is sub-divided into five practice areas and advises clients from a range of industries, such as agriculture, consumer ... [more]

With a tax practice comprising 12 partners and 67 fee earners, Rolim, Viotti & Leite Campos Advogados provides clients with the full range of tax services: indirect tax, transfer pricing, corporate tax, and tax disputes. In November 2011, in a $48 million ... [more]

Roberto Barrieu heads Souza Cescon, Barrieu & Flesch Advogados's tax practice, which employs 25 professionals. The team gained one partner with the promotion of Rafael Malheiro in January 2012. He is now in charge of transfer pricing and transactional ... [more]

Many of TozziniFreire Advogados' competitors were quick to describe the firm's tax practice as strong in great part due to its tax practice leader. "Their tax department is pretty big. I'm not sure how many partners they have there, but it's a strong ... [more]

Barbosa, Müssnich e Aragão – Taxand, comprises five partners and 28 fee earners. The tax practice is divided into tax consulting and tax litigation. The former is headed by José Otavio Faloppa, Débora Bacellar and Paulo Marcelo Bento, who joined the ... [more]

Siqueira Castro Advogados' tax department specialises in consultancy and litigation, serving clients from almost every economic sector, particularly oil and gas, telecoms, mining, metals, pharmaceuticals, food, automotive and financial services. The ... [more]

Led by Oswaldo Moraes, Demarest e Almeida's tax practice includes six partners and 38 fee earners, providing services in indirect tax, transfer pricing, corporate tax and tax disputes. The firm's tax group advises clients from the financial services, ... [more]

Felsberg e Associados' tax team receives high praise from clients for its quality work and its commitment to clients. "We prefer advisers who work as business partners and are hands on. The majority of advisers are concerned with issuing a legal opinion ... [more]

Lilla, Huck, Otranto, Camargo Advogados' tax department, led by Mauricio de Carvalho Silveira Bueno, comprises eight partners, four of which are the firm's founding partners. The firm's clients include Porto Seguro, a leading Brazilian insurance company; ... [more]

Velloza e Girotto Advogados & Associados is a full service tax firm with a particular emphasis on financial services. Of its 12 partners, 11 have tax-related practices which focus on different areas. The firm dropped "Lindenbojm" from its name following ... [more]

See also

Brazil
Latin America

Firm contact details