After exploratory talks to reach consensus on the principles of a potential Double Taxation Avoidance Agreement (DTA), the UK and Brazil announce the first round of negotiations, which will be launched during the visit of Her Majesty’s Committee on Revenue and Customs. Between September 12 and 16, 2022, a system equivalent to the Central Revenue Service for Brasilia.
A DTA is a bilateral agreement on how each country should tax cross-border income, prevent tax evasion and avoidance, and provide relief from double taxation. The ADT sets limits on the application of each country’s domestic law to tax cross-border income (including dividends, interest and royalty payments). An ADT has continued demand from UK and Brazilian companies. The signing of the agreement will play an important role in increasing trade and investment between the two countries, providing long-term security and stability to business and strengthening the bilateral relationship.
Check out the English version below:
The United Kingdom and Brazil are pleased to announce the first round of negotiations, following exploratory talks to find common ground on principles for a possible Double Taxation Agreement (DTA). 2022 from 12th to 16th September.
A DTA is a bilateral agreement on how each country should tax cross-border income, preventing tax avoidance and evasion, and providing relief from double taxation. A DTA establishes limits on how each country’s domestic law can tax cross-border payments (including dividends, interest and royalty payments). DTA is a constant request from businesses in both the UK and Brazil. The signing of the agreement will play an important role in increasing cross-border trade and investment, providing long-term certainty and stability to business and enhancing our bilateral relationship.
