A new guideline has just increased the tax burden for Brazilian companies that acquire foreign technology and commercialize software locally.
It is already the third manifestation of the tax authorities on software taxation rules this year alone. Brazilian companies that buy software from international suppliers may now have to pay two federal taxes that were previously not charged, in addition to having to observe a new framework for Presumed Profit purposes.
Our lawyer Adriano Milanesi Sutto explains, in an article published by The Brazilian Report, how this new taxation will take place and the impacts for Brazilian companies.
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