INSUBCONTINENT EXCLUSIVE:
Brazil has joined the global push for fairer corporate taxation
The new measure aims to prevent tax base erosion and ensure multinationals pay their fair share.It aligns Brazil with OECD standards and the
Global Anti-Base Erosion Rules
The government expects to generate significant revenue: R$3.4 billion in 2026, rising to R$7.7 billion by 2028.This tax shift matters for
First, it levels the playing field between domestic and international businesses
The government will implement the tax as an additional levy on the Social Contribution on Net Profit (CSLL).Brazil Tightens Tax Net:
Multinationals Face 15% Minimum Rate
(Photo Internet reproduction)It will take effect in January 2025, and the government will set the first payments due in July 2026
This timeline gives businesses time to adjust their financial strategies.Critics worry the tax might deter foreign investment
Supporters argue it will lead to fairer competition and increased government revenue
Senate, businesses and policymakers are watching closely
