Brazil Reduces Withholding Tax on Travel-Related Cross-Border Payments

Brazil has published Law No. 14.537 of 28 February 2023 in the Official Gazette, which provides for a reduction in the withholding tax rate on travel-related cross-border payments to foreign individuals or legal entities resident or domiciled abroad. A reduced rate is applied as follows for payments made by Brazilian individuals for tourism, business, service, or training trips abroad, as well…
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