Tag: foreign investor
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Brazilian Tax System Overview
The current Federal Constitution, which was promulgated on October 5, 1988, allocates taxing power between the Union, the States and Municipalities, granting to each of them the power to levy taxes. Taxes in Brazil are divided into pure taxes, betterment fees, social contributions, contributions and compulsory loans. Each level of government is allotted specific taxes…
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Exchange Controls in Brazil
The free flow of funds between countries is something which most investors in the United States and Europe take for granted. However, distinct from other countries, where the local government does not exercise control over the flow of international capital, Brazil imposes rules on the remittance of funds to and from Brazil. Brazilian Exchange Controls…