Brazil Signs Agreement With the United States for the Exchange of Tax Information

On 23 September 2014, the Brazilian Ministry of Finance signed an Intergovernmental Agreement (IGA) with the United States for the automatic exchange of certain tax information of Brazilian and U.S. taxpayers. This IGA supplements the Tax Information Exchange Agreement entered into by both countries in 2007 and enacted by presidential decree in 2013 to include additional requirements of the U.S. Foreign Account Tax Compliance Act (FATCA).

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