Brazil Sets Rules For Exclusive Funds, Offshore Taxation

Brazil Monetary Council approved rules for the taxation of exclusive funds and offshores approved by Congress.

• Taxation will come into effect in 2024
• Investors will can choose to pay income tax at a reduced rate of 8%
  • First installment of tax must be paid by Dec. 29
  • Other installments must be paid between January and May 2024
• NOTE: Brazil Congress Backs Lula’s Plan to Tax the Rich, Raise Revenue

Original Story:CMN regulamenta tributação de fundos exclusivos, offshore

To contact the translator on this story:
Rachel Gamarski in Sao Paulo at rgamarski@bloomberg.net

Reporter on the original story:
Rachel Gamarski in ...