Recent increase in the Brazilian Presumed Profits Method cap allows more companies to elect the regime

Latin American Tax Newsalert

The Brazilian government recently increased the gross revenue limitation for companies to elect the Presumed Profits Method (PPM) for computing Brazilian income tax. This is an important change for US MNCs whose Brazilian subsidiaries either did not qualify for the PPM under the prior revenue cap, or that are seeking to invest in the country. The new limitation will allow more companies to elect the PPM.



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