New Brazilian rules clarify how to obtain changes in profit margins
October 22, 2008
Carlos Eduardo Costa MA Toro and Carlos Eduardo de Biasi of Zilveti Sanden Advogados believe that new rules on requesting a reduction in the presumed profit margin are a step forward for Brazilian transfer pricing
The Treasury Ministry issued Treasury Ministry Ordinance 222/2008, which governs requests to change the profit margin percentages to be used as a parameter in transactions subject to transfer pricing rules in Brazil.
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