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Capital Markets Newsletter

27 September 2012
Tauil & Chequer Newsletter

Topic in this Edition:

Foreign investors investing in Brazilian mortgage-backed securities (“Certificados de Recebíveis Imobiliários – CRI”) are now exempted from income tax

A new law came into effect in September 2012 to exempt foreign investments in CRI from income tax, provided that this is a long term investment in real estate projects and some additional requirements must be met under the law.

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