Brazil Pulse: Tax Landscape Revolution - Law No. 14.754/2023

Publisher: Acumen International: Global EOR/PEO

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Brazil Pulse: Tax Landscape Revolution - Law No. 14.754/2023

🔍 Significant Tax Reforms Unveiled: Brazil's new law, effective January 1, 2024, transforms individual income tax and reporting, impacting those with foreign assets or earnings. 💡 Key Changes: 🚫 Repeal of certain capital gains and exchange rate gain benefits on foreign assets. 💼 Implications for controlled foreign entities in tax havens or with low active income. 💰 Option for taxpayers to declare foreign-held entity assets directly. 🔥 For Employers & Employees: 📝 Adjust budgets and payroll for tax-equalised workers. 🌐 Understand the nuances of these changes for effective compliance and strategic planning. ✅ Stay Informed with Acumen International's updates on 190 countries worldwide.