Brazil’s tax department has defined Ireland as a “fiscal paradise,” a term used to refer to a tax haven. The categorization means that Brazilian companies with business contracts in Ireland will now be subject to a 25 percent Brazilian tax, instead of the standard rate of 15 percent.
The decision to declare Ireland as a fiscal paradise started on October 1. The tax authorities also added Austria, Curacao, and Saint Martin to its list of tax havens.
Read the following article shared by our members in Brazil Angélico Advogados for further details and information about this recent topic: