Professional experience

Raphael’s advises clients on Tax, Corporate Law and M&A, Banking and Fintechs and Capital Markets. As a dual-qualified legal advisor (Brazil, and the UK – England and Wales) his practice focuses on advising both domestic and international clients. His practice includes advising on tax consultancy matters in a wide range of transactions (including public and private M&A, debt and equity markets transactions, and group reorganisations) as well as on matters involving international taxation, transfer pricing and cross-border transactions.
Past experiences include being part of the M&A and international tax team of a Big Four, in-house tax counsel in an investment bank and senior positions in other renowned Brazilian law firms and English tax chambers.

 

Education

• PhD Candidate at the Institute of Advanced Legal Studies, University of London;
• Master in Sciences (High Mer.) in Accounting and International  Tax from the London School of Economics and Political Sciences (LSE), 2013;
• Post-Graduation in Corporate Law from the Fundação Getulio Vargas (FGV), 2011;
• Post-Graduated Extension on Tax Auditing and Accounting from the Fundação Getulio Vargas (FGV), 2010;
• Bachelor of Laws from the Catholic University of Rio de Janeiro (PUC-Rio), 2009.

 

Publications

• Transfer Pricing Methods and Specific Situations under the New Framework. MARTINS, Raphael de Campos; FERRAZ, Luiz Felipe Centeno. In: Transfer Pricing: Advanced Studies. Eds. Ramon Tomazela Santos, Ana Claudia Utumi and Marcelo Magalhães Peixoto. São Paulo: APET, 2026.
• Bookbuilding and Asset Sales in Public Sector Securitization Transactions. MARTINS, Raphael de Campos; CARVALHO, André Castro. Público & Pragmático, Consultor Jurídico (ConJur), February 22, 2026.
• IOF Lacks Legal Basis under Brazil’s New Foreign Exchange Framework. MARTINS, Raphael de Campos; BANDEIRA, Luiz Octavio Villela de Viana. Valor Econômico, August 2025.
• Pillar Two and Qualified Refundable Tax Credits (QRTC) in Brazil: Implementation Challenges and the Example of the Presumed Profit Regime. CASTRO, Leonardo Freitas de Moraes e; MARTINS, Raphael de Campos. In: CSLL Surtax and the OECD Pillar Two. Eds. Marcelo Magalhães Peixoto, Ramon Tomazela Santos and Paula Zugaib Destruti. São Paulo: MP, 2025.
• The Importance of Tax Reform for the Railway Sector. MARTINS, Raphael de Campos. Revista Ferroviária, February 3, 2025.
• International Competitiveness and the Impact of Pillar Two Rules on Multinational Groups in Brazil: Provisional Measure No. 1,262/24 and RFB Normative Instruction No. 2,228/24 Establish Guidelines for the Global Corporate Income Tax Reform. MARTINS, Raphael de Campos; CARBONAR, Alberto. JOTA, November 9, 2024.
• New Rules Enacted for the Securitization of Public Entities’ Receivables. MARTINS, Raphael de Campos; GUENKA, Mariana; GUZELA, Rafaella. Capital Aberto, August 1, 2024.
• O Conceito de “entidade de investimento” na Lei n° 14.754/2023 e na Resolução CMN n° 5.111/2023 – possíveis questionamentos hermenêuticos, 2024;
• AI Prompt Engineering and the U.N. Model Treaty, Tax Notes, 2024;
• Os métodos de preços de transferência na nova sistematica. Preços de Transferência e o Padrão OCDE (Lei n. 14.596/2023 e IN n. 2.161/2023) [Transfer Pricing Methods under the system. Transfer Pricing and the OECD standard]. Coord: Jimir Doniak Jr., Marcelo Magalhaes Peixoto and Bruna Camargo Ferrari. São Paulo:  Editora MP, 2023;
• Aspectos tributários do download de software: equívocos comuns e implicações decorrentes da edição do Convênio  CONFAZ n.º 181/2015.  Tributação da Economia Digital – Desafios no Brasil, experiência internacional e novas perspectivas [Tax Aspects on downloading software: common misinterpretation and implications of CONFAZ Rules No. 181/2015. The taxation of income in the cloud computing environment.Taxation of the Digital Economy: Challenges, international experience, and new perspectives]. Coord: Alexandre Monteiro, Renato Faria and Ricardo Maitto. São Paulo: Saraiva Educação, 2018;
• Escrituração Contabil Fiscal e o PRL. Manual de Preço de Transferência  [Digital Tax Recording tax return and the Price minus Profit calculation method. Transfer Pricing Manual], Coord: Francisco Lisboa Moreira, Leonardo Freitas de Moraes Castro. São Paulo. Quartier Latin, 2018;
• Tax Ruling No. 06/2015 and WHT over increase of Shareholder’s Equity with Know-how. Newsletter Recht & Steuern (Deutsch-Brasilianische Industrie- und Handelskammer). 2016;
• Waiver, Potential tax impacts and possible alternatives. Revista da Câmara de Comércio Sueco-Brasileira (SBCC) e da Câmara de Comércio Noruego-Brasileira [Swedish-Brazilian Chamber of Commerce Newsletter and Norwegian-Brazilian Chamber of Commerce Newsletter. 2015;
• Debêntures perpétuas e instrumentos híbridos. Valor Econômico [Perpetual Bonds and Compound Financial Instruments]. 2014;
• Tratados tributários internacionais. Valor Econômico [International Tax Treaties].  2014.

 

Atividades Adicionais

Member of Instituto Brasileiro de Direito Tributário (IBDT);
Member of International Fiscal Association (IFA);
Member of the Brazilian Association for Financial Law (ABDF)
Member of the Latin America Tax Policy Forum (LATPF);
Member of the Law Society of England and Wales;
Member of the Honourable Society of tbe Gray’s Inn.