Thursday, 11 June 2015

Brazilian Federal Revenue Service restricts intermediation cost adjustments in the application of commodities methods

On June 8, 2015 the Brazilian Federal Revenue Department published Normative Instruction (NI) 1568/15 restricting the application of the intermediation cost adjustments in the calculation of the transfer price based on the Brazilian commodities methods applicable to imports and exports (PCI and PECEX).
Source & more info: PwC