Thursday, 27 July 2017

Brazil provides relief from 2016 country-by-country reporting for US-headquartered companies

On May 23, 2017, the Brazilian Federal Revenue Office (RFB) issued Normative Instruction RFB 17o9/2017 (IN 1709), providing additional guidance regarding the Brazilian country-by-country (CbC) reporting requirements.   In particular, IN 1709 modified a rule that might have required Brazilian affiliates of multinational groups headquartered outside Brazil to file a 2016 CbC Report in Brazil by July 31, 2017.

Source & more info: PwC