Corporate Income Tax: Taxation of Foreign Branches of Brazilian Companies

15Jul 2007

Corporate Income Tax: Taxation of Foreign Branches of Brazilian Companies

The withholding tax paid abroad by a foreign branch of a Brazilian company cannot be used by the Brazilian company if such a branch is in a loss position. (Private Letter Ruling (Resposta à Consulta) No. 162/07)

Corporate Income Tax: Taxation of Foreign Branches of Brazilian Companies

Corporate Income Tax: Taxation of Foreign Branches of Brazilian Companies

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