In an interview to Valor Econômico newspaper, our partner Ana Cláudia Utumi talked about the Provisional Measure 1,171, which provides for the expansion of the income tax exemption range for those earning up to R$2,640, and included in it the taxation of income received abroad through financial investments, controlled entities, among others.

“Today, if I have a company abroad, I will only pay tax when the resources are effectively made available, when the profit distribution is made. With the new legislation, I will pay it every year, even if the profit is not effectively distributed to the individual who owns the company abroad”, Ana explained.

Read the article in Portuguese: https://lnkd.in/dvcAx-qV