Brazil - Tax authorities introduce a new reporting requirement for certain transactions with Brazilian residents

Global Watch ()

Brazil - Tax authorities introduce a new reporting requirement for certain transactions with Brazilian residents

The Brazilian tax authorities have introduced a new obligation for companies and individual residents of Brazil to report any import or export of services, intangibles and other transactions that generate patrimony variations. The new report (referred to as SISCOSERV) is made electronically through a digital certificate issued by the Brazilian authorities.