Brazil's Provisional Measure (PM) 690/2015 was converted into Law 13,241/2015 as published in the Official Gazette on 31 December 2015. PM 690/2015, which was published on 31 August 2015 ({News-2015-09-09/A/3- previous coverage}), introduced a restriction on the use of a 32% presumed profit margin for tax purpose for income from the use of copyrights and other intellectual property when the owner of the rights is a shareholder in the legal entity receiving the income. PM 690 also revoked the …