Brazil's Superior Court of Justice Rules on Taxable Event for Withholding on Outbound Payments

A judgment from Brazil's Superior Court of Justice was published on 13 October 2020 concerning the timing of the taxable event for withholding on outbound payments. The case involved a Brazilian company that made payments under a software distribution contract to a legal entity domiciled abroad. The company made payments under the contract on or before the established due dates (maturity dates)…
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