
Client Alert
04/12/2023
Approved Bill that changes the taxation of financial investments abroad, Offshore Structures, and Investment Funds
On November 29, 2023, the Brazilian Federal Senate approved the Bill No. 4.173/2023, which changes the taxation rules for individuals regarding financial investments held abroad, as well as for controlled foreign entities (offshores) and trusts. The Bill also changes the taxation rules for closed-end investment funds in Brazil, introducing, among other changes, the periodic income …