Brazil to reform transfer pricing rules

On April 12, 2022, the OECD and Brazil's Receita Federal (RFB) held a joint high-level to present the key features of Brazil’s proposed new transfer pricing system.

The outcome of the joint project between OECD and RFB will be a new transfer pricing framework for Brazil, aligned to the OECD standard.

In welcoming this important step forward, Paulo Guedes, Brazil’s Finance Minister noted: “As we successfully converge with the OECD standard, we are not only celebrating a key step forward but also addressing two main challenges: the harm of excessive taxation and double taxation that prevent investments; and the damage of tax avoidance through the transfer of profits to locations providing for a more favorable taxation. This is fundamental because it allows us to gain in efficiency, with effective allocation of investments across this global community that is embracing itself through the convergence of these practices.”
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