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Brazil Lower House Approved New 15% Tax on Citizens Investing in Offshore Jurisdictions & Semi-Annual Tax Payment on Closed-Ended Funds Starting in 2024, Requires Brazil Senate Approval
28th October 2023 | Hong Kong
Brazil Lower House (government) has approved a new 15% tax on citizens investing in offshore jurisdictions and semi-annual tax payment on closed-ended funds starting in 2024. The new tax will require Brazil senate approval, before becoming effective in 2024. Brazil Lower House voted 323 (for) to 119 (against) on the new tax law.
“ Brazil Lower House Approved New 15% Tax on Citizens Investing in Offshore Jurisdictions & Semi-Annual Tax Payment on Closed-Ended Funds Starting in 2024, Requires Brazil Senate Approval “
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