Brazil adds Ireland to tax haven list and Austrian holding companies to privileged tax regime list

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September 2016

Overview

The Brazilian tax authorities  on September 14, 2016, issued Normative Instruction 1,658/2016 (NI 1,658), adding Ireland to the list of tax havens (‘black list’) and the Austrian holding company regime to the list of privileged tax regimes (‘gray list’). 

The NI also formalizes the definition of ‘significant economic activities’ for purposes of treating the Dutch and Danish holding company regimes as gray-list regimes.

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John A. Salerno

Latin American Tax Group, PwC US

Tel: +1 (646) 471 2394

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