How import pricing works in Brazil
February 17, 2009
According to the explanatory statement of law number 9,430/96, which governs Brazilian transfer pricing rules, the lawmaker is focusing on avoiding tax evasion by means of undercharging exports or overcharging imports from a foreign related party
Therefore, imports of a Brazilian company from related parties must be carried out at prices that would be practised between independent parties, that is, the arm’s-length principle must apply.
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