On 3 October 2024, the Federal Government published Provisional Measure No. 1,262/24, which establishes Pillar 2 of the OECD BEPS – Base Erosion and Profit Shifting – project in Brazil. The new rule, which aims to adapt Brazilian legislation to the Global Rules Against Tax Base Erosion, creates an effective minimum global taxation of 15% for certain multinational groups.
To this end, an additional Social Contribution on Net Profit was created for companies belonging to multinational groups whose annual revenues exceed EUR 750 million in at least two of the four fiscal years immediately preceding the one analyzed.
Check out the full content of the material (available only in Portuguese) prepared by our Tax team here.
