Announcement
18 Aug 2017
On August 18, 2017, the Government of Brazil adopted Provisional Measure 795/2017 modifying significantly the tax laws applicable to the oil and gas sector. This state act has a temporary character as it requires approval of the Brazilian Congress to become a law.
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Number of interventions
3
1 certainly harmful
0 likely harmful
2 liberalising
List of interventions
Implementation date
01 Jan 2018
Revocation date:
No revocation date
Updated: 18 Aug 2017
Tax or social insurance relief
In force
Another change introduced on Provisional Measure 795/2017 refers to other tax benefits, particularly to the maximum percentages benefitting from a 0% withholding income tax on remittances...
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Implementation date
18 Aug 2017
Revocation date:
No revocation date
Updated: 18 Aug 2017
Import tariff
In force
Provisional Measure 795/2017 also establishes a special import regime on Article 5. This new framework contemplates the possibility of eliminating import tariffs as well as all federal taxes relate...
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Implementation date
18 Aug 2017
Revocation date:
No revocation date
Updated: 18 Aug 2017
Tax or social insurance relief
In force
Article 1 of Provisional Measure 765/2017 sets one of the main changes introduced in this legislation: the allowance to all taxpayers to deduct the expenses incurred during the phase...
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