Brazil Seeks Input on Transfer Pricing Rules, Advance Agreements

Brazil is seeking input on plans to update rules on transfer pricing transactions that would take effect next year.

Receita Federal, the country’s revenue authority, opened a consultation Thursday seeking comment on a specific provision in legislation passed last year on calculating intra-group transactions and the consultation process on advanced pricing agreements.

Advanced pricing agreements (APAs) are binding pacts establishing an agreed transfer pricing methodology for a set of transactions over a fixed period of time. Transfer pricing refers to transactions between related companies that are part of groups.

• The revenue authority also allows respondents to comment or ...