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Legal Update

Brazil Reduces Maximum Income Tax Rate for Other Countries To Be Considered Favorable Tax Havens

2 December 2014
Tauil & Chequer Legal Update
Ordinance No. 488, published in the Official Gazette on December 1, reduced to 17 percentthe tax rate threshold for purposes of classifying a country as a favorable taxation jurisdiction (tax haven), according to Articles 24 and 24-A of Law No. 9,430/96. The previous tax rate threshold was 20 percent.


  • Ivan Tauil
    T + 55 21 2127 4213
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