Foreign bank derivatives profits are business profits under double tax treaty
08 . 05 . 2012Fonte: IFRL By Fernanda Calazans and Leonardo Andrade Velloza & Girotto Advogados Banks are a significant presence among non-resident investors in the Brazilian financial and capital markets under National Monetary Council Resolution 2,689/2000. Many of them trade in local over-the-counter (OTC) derivatives and, likewise non-bank investors, income made thereunder is subject to withholding tax at […]
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