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July 16, 2021
2021-1375

Tuesday, July 27 | Brazil: Proposed tax reform could significantly impact corporations with operations in Brazil (1 pm ET)

The second phase of Brazil’s comprehensive tax reform proposes significant changes to the corporate income tax system. These changes, which were part of a bill introduced in late June, include reducing the corporate income tax rate, establishing a withholding tax on dividends and strengthening the rules on the disguised distribution of profits.

If approved this year, the proposed changes will be effective as of January 2022, leaving taxpayers limited time to prepare.

Please join our panelists for a discussion of the proposed changes. Topics to be discussed include:

  • Proposed changes to the current corporate income tax system
  • Potential impacts on corporate acquisitions and restructurings
  • Possible effects on taxation of financial and capital markets
  • Impacts on US corporations doing business in Brazil
  • Actions to consider taking before year-end

Date: Tuesday, 27 July 2021

Time: 1:00–2:00 p.m. EDT New York; 10:00–11:00 a.m. PDT Los Angeles

Registration: View archive here.

Panelists

  • Gustavo Carmona, Partner, International Tax and Transaction Services Brazil Leader, Ernst & Young Assessoria Empresarial Ltda.

  • Carmen Encarnacion, Principal, International Tax and Transaction Services, Ernst & Young LLP

  • Tiago Aguiar, Senior Manager, International Tax and Transaction Services, Ernst & Young Assessoria Empresarial Ltda.

  • Aline Milla, Senior Manager, International Tax and Transaction Services, Ernst & Young Auditores Independentes S.S.

  • Jose Massari, Senior Manager, Financial Services, International Tax and Transaction Services, Ernst & Young LLP (US)

Moderator

  • Ana Mingramm, Principal, Global Tax Desk Network Leader, Ernst & Young LLP (US)

CPE credit offered: up to 1.2 depending on duration. Recommended field of study: Taxes. Learning objective: Identify the changes and possible effects of the proposed Brazil tax reform. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

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