Brazilian taxpayers left unsure as to which rules to follow
June 07, 2010
New transfer pricing rules failed to be passed into law within the Constitutional deadline, creating controversy as to which rule applies to transactions carried out since the beginning of the year.
The provisions of Executive Measure (MP) number 478/09, issued on December 29 2009, substantially altered Brazilian transfer pricing rules. The MP created a new resale method for import transactions with a statutory profit margin on resale of 35%.
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