Tax havens. At the end of December, the Federal Revenue Service published a Normative Instruction (RFB No. 1773, of December 21, 2017), which amends RFB No. 1037, of June 4, 2010, listing countries or dependencies with favored taxation and privileged regimes.
Three previously listed jurisdictions made changes to their domestic legislation sufficient for their removal from the list. On the other hand, these same jurisdictions have privileged tax regimes, which now appear on the list.
Costa Rica, the Island of Madeira and Singapore are removed from the list of countries or dependencies with favored taxation. The privileged tax regimes of these jurisdictions are added to the list.
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Also included in this list are countries whose legislation does not allow access to information relating to the corporate composition of legal entities, to their ownership or to the identification of the effective beneficiary of income attributed to non-residents.
These are also the legal criteria that define a privileged tax regime.
Sources: Federal Revenue Service, InfoMoney and brasil.gov.br
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