Tag: Brazil
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Country-by-Country Reporting (CbCR) in Brazil
Brazil has adopted Country-by-Country Reporting (CbCR) as part of its commitment to the OECD/G20 Base Erosion and Profit Shifting (BEPS) Action 13 framework. The requirements apply to certain multinational enterprise (MNE) groups operating in Brazil and are governed by specific Brazilian tax regulations. This guide outlines Brazil’s CbCR obligations, including the regulatory framework, filing procedures,…
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What is ADE COCAD No. 9/2017 (Brazil)
ADE COCAD No. 9/2017 is an important regulation in Brazil related to the disclosure of beneficial ownership information. Here are the key points about this regulation: Purpose and Scope ADE COCAD No. 9/2017 (Executive Declaratory Act – Registration Management General Coordination) was published on October 23, 2017, in Brazil’s Official Gazette. It establishes rules for…
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What is Normative Instruction (IN) No. 1,681 (Brazil)
Normative Instruction (IN) No. 1,681, issued on December 28, 2016 by the Brazilian Federal Revenue Service, established the rules for Country-by-Country (CbC) reporting in Brazil. This instruction implemented Action 13 of the OECD’s Base Erosion and Profit Shifting (BEPS) Project, which aims to enhance transparency in international taxation. Key Aspects of IN 1,681/2016 Reporting Obligation…
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How CbC reporting is presented in Brazil
Country-by-Country (CbC) reporting is an international initiative aimed at increasing transparency and promoting tax fairness. It requires multinational corporations (MNCs) to provide detailed information on their operations, profits, taxes paid, and employees in every country where they operate. Brazil has adopted CbC reporting as part of its tax policy, and this article will explain how…
CbC Reporting 