On 31 August 2015, Brazil published Provisional Measure (PM) 690/2015 in the Official Gazette. Two of the main changes in PM 690 are summarized as follows.
Taxation of Certain Intangible Assets
Currently, income from the use of copyrights, and image, name, brand and voice rights is considered service income with a profit margin of 32% using the presumed method (Lucro Presumido). This margin is used as the tax basis for determining corporate income tax (IRPJ) and social contribution on prof…