Brazil’s Lower House Approves Tax on Offshore Blocker

Brazil’s Lower House approved anti-deferral rules on offshore net income when the offshore has over 60% of passive income.

The initial proposed tax of 22.5 percent was reduced by the lower house to 15 percent.

The bill is now in the Senate for its appreciation.

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Brazil Senate Approves Tax Bill

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B.V.I, Bahamas, OtherCaribbean Jurisdictionsand OECD Minimum Global Tax