South America
Brazil· BelémBrazil's STF Rules to Tax Profits of Controlled Foreign Companies
Brazil's Supreme Federal Court (STF) has formed a majority to tax corporate income tax (IRPJ) and social contribution on net profit (CSLL) on profits obtained by Brazilian companies through foreign subsidiaries.
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STF rules to tax foreign profits of Brazilian companies like Vale
First report 5h agoLast update 5h ago1 takes 1
upholding taxationneutralShow 1 post
started 5h ago•Last update 5h ago
The STF's majority decision supports taxing the patrimonial increase of the Brazilian parent company, not directly the foreign entities' income, potentially guiding similar disputes.
Brazil's Supreme Court Rules on Taxation of Foreign Profits
First report 5h agoLast update 5h ago1 takes▲ 1
support taxation of foreign profitspositiveShow 1 post
started 5h ago•Last update 5h ago
The STF ruled in favor of taxing IRPJ and CSLL on profits from foreign-controlled companies, arguing the taxes apply to the Brazilian controller's patrimonial increase.
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