Global Tax Alert | 25 June 2013

Brazil-United States Tax Information Exchange Agreement is effective

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Brazil’s President Dilma Rouseff enacted Decree 8003/13 on 16 May 2013, which made effective the Tax Information Exchange Agreement (TIEA) negotiated between Brazil and the United States in 2007.

Under this Agreement, Brazil and the United States will be obliged to exchange tax information as per request of the other country. From a Brazilian perspective, the TIEA encompasses exchange of information with respect to the corporate income tax (IRPJ), withholding tax (IRRF), social contribution on net profits (CSLL), federal VAT (IPI), financial tax (IOF), rural land tax (ITR) and turnover taxes (PIS/COFINS).

Brazil and the United States do not have a double tax treaty, so this Agreement obligates only the exchange of information and administrative assistance.

For additional information with respect to this Alert, please contact the following:

Ernst & Young Serviços Tributários S.S., Rio de Janeiro
  • Sergio Andre
    +55 21 3263 7236
    sergio.andre@br.ey.com
Ernst & Young LLP, Latin American Business Center, New York
  • Alfredo Alavarez
    +1 212 773 5936
    alfredo.alvarez@ey.com
Ernst & Young LLP, Brazilian Tax Desk, New York
  • Mariano Manente
    +1 212 773 2744
    mariano.manente@ey.com

EYG no. CM3560