Brazil published Normative Instruction No. 1704/2017 in the Official Gazette on 3 April 2017. The Instruction regulates the reopening of the Currency and Tax Compliance Special Regime (Regime Especial de Regularização Cambial e Tributária, RERCT), which was approved by the Senate on 14 March and enacted on 31 March as Law No. 13.428/2017. With the reopening of the RERCT regime, taxpayers may …