We use cookies to personalise the website and offer you the greatest added value. They are, among other purposes, used to analyse visitor usage in order to improve the website for you. By using this website, you agree to their use. Further information can be found in our data privacy statement.



Brazil: Mandatory transfer price calculation

PrintMailRate-it

published on 18 January 2022 | reading time approx. 1 minute

 

 

Entities that have import and/or export operations with related parties, are subject to the Transfer Pricing rules, as per IN No. 1312/12. Such operations must be registered in the Tax Accounting Bookkeeping, through the authorization of the relevant records in the taxation parameters. The tax adjustment must be added to the IRPJ base on December, even if the Brazilian taxpayer calculates taxable income quarterly.

 

In the Real Profit system, the taxpayer is subject to fines provided for by law for non-compliance with the rules regarding the Transfer Price. The fine can reach 3 per cent of the omitted, inaccurate or incorrect amount, in this way, the penalty can be of great materiality for the taxpayer who fails to provide the transfer price information in the ECF.

 

We are at your disposal to assist in filling out these records and delivering the ancillary obligation in accordance with the Transfer Pricing calculations.

 From the newsletter

Contact

Contact Person Picture

Philipp Klose-Morero

Managing Partner South America

+55 11 5094 6060

Send inquiry

Contact Person Picture

Rafael Silveira Martins

Associate Partner

+55 11 5094 6060

Send inquiry

 Read more

Deutschland Weltweit Search Menu