UK/Brazil Double Tax Treaty Signed
In a welcome development, following negotiations that started in September, on 29 November 2022 a new double tax treaty was signed between the United Kingdom (“UK”) and Brazil. The commencement date for the new treaty will be announced once the procedural requirements to give effect to the treaty in both the UK and Brazil have been completed. A treaty between the UK and Brazil has been a consistent ask for business for many years as a means of facilitating cross-border trade and investment.
Our detailed analysis of the new treaty terms will follow.
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