New Brazilian Provisional Measure revokes the Transitional Tax Regime and amends rules on goodwill amortization

November 2013

Overview

On November 12, 2013, the Executive Branch of the Brazilian government published guidance, which, among other things, revokes the Transitional Tax Regime and provides new rules regarding dividends, interest on net equity and the amortization of goodwill arising in connection with share acquisitions.

US multinational companies doing business in Brazil should evaluate these new rules carefully, especially if they have or will be engaging in share transactions that may generate goodwill, and that involve payments of dividends and interest on net equity.

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Tim Anson
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