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Brazil Amends R&D Tax Incentive for IT Companies

|Approved Changes|Brazil
Brazil

Brazil has published the National Congress Act No. 8 of 14 March 2018 in the Official Gazette. The Act extends by 60 days Provisional Measure No. 810 of 8 December 2017 (PM 810), which amends the tax incentive for IT companies investing in R&D that includes a reduction of the federal tax on manufactured products (Imposto sobre Produtos Industrializados - IPI). In particular, PM 810:

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