Brazil Tax Alert

Ireland on Brazil’s black list of tax haven jurisdictions 

Definition of “substantial economic activities” clarified for grey list

Brazil’s tax authorities published a normative ruling (NR 1,658/16) on 14 September 2016, which clarifies the definition of the term “substantial economic activities” for purposes of determining whether a jurisdiction should be deemed to have a privileged tax regime and, therefore, be included on Brazil’s “grey list” of jurisdictions. A public consultation document on the definition of substantial economic activities had been issued on 30 May 2016. NR 1,658/16 also amends the list of black and grey jurisdictions for Brazilian tax purposes.


Download the full report
Did you find this useful?