Economy

Government will change PM amending taxation of Brazilian companies abroad

Brazil Agency
13/03/2014 20:31
Government will change PM amending taxation of Brazilian companies abroad Imagem: Deposit Photos Visualizações: 1123 (0) (0) (0) (0)

 

The government will change the text of the Provisional Measure 627, which taxes profits of Brazilian multinationals operating abroad, said businessmen who met for nearly five hours with the finance minister, Guido Mantega. However, neither the economic team, or company directors detailed the changes under study.

The government will change the text of the Provisional Measure 627, which taxes profits of Brazilian multinationals operating abroad, said businessmen who met for nearly five hours with the finance minister, Guido Mantega. However, neither the economic team, or company directors detailed the changes under study.

 

Published in November last year, the interim order expires in April. Earlier, the chairman of mining company Vale, Murilo Ferreira told that entrepreneurs wishing to support the vote of the provisional measure in Congress, provided that some adjustments to the text. 

 

By rules, Brazilian companies with foreign subsidiaries have to live with three different accounting standards, Brazilian, European and American contributing factor to hinder the balance of Brazilian multinationals. The government has created a Transition Tax Regime (RTT) for these companies, which runs until 2015, but companies complain that the new scheme increases the tax burden.

Most Read Today
see see
Partnership
Halliburton and Shape Digital establish strategic collab...
06/05/26
ROG.e
ROG.e 2026 will bring together CEOs from TotalEnergies, ...
06/05/26
International
At OTC Houston 2026, Firjan SENAI SESI expands its reach...
06/05/26
International
At OTC Houston 2026, Firjan SENAI holds international ed...
04/05/26
Recognition
BRAVA Energia receives top global industry award for Atl...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
04/05/26
Pre-Salt
PPSA closes 2025 with a net profit of R$ 30.1 million
04/05/26
Results
With 5.531 million boe/d, Brazil continues with record o...
04/05/26
International
Brazil reaffirms technological leadership at OTC Houston...
02/05/26
Environment
Brazil appears among world's largest methane emitters in...
30/04/26
PPSA
Federal Government receives R$ 917.32 million from Tupi ...
07/04/26
Study
Brazil increases dependence on thermal power, but lack o...
07/04/26
Permanent Offer
Permanent Production Sharing Offer (OPP): ANP publishes ...
07/04/26
Taxation
Infis Consultoria promotes the 4th Oil & Gas Taxation Se...
07/04/26
Green Hydrogen
Study at RCGI maps regions with the greatest potential f...
07/04/26
iBEM26
Goldwind advances in Bahia with factory in Camaçari and ...
27/03/26
iBEM26
Bahia showcases its bioenergy potential and reinforces i...
27/03/26
iBEM26
ESG practices in the renewable energy sector are highlig...
26/03/26
iBEM26
ABPIP highlights the role of independent producers in en...
26/03/26
iBEM26
Jerônimo Rodrigues highlights Bahia’s potential in the e...
26/03/26
Campos Basin
New oil discovery in the pre-salt of the Campos Basin
26/03/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.