Brazil has published Normative Instruction RFB No. 1,683/2016 (NI 1,683), which amends Normative Instruction RFB No. 1037/2010 (the list of low tax jurisdictions and privileged tax regimes) with respect to the Austrian holding company regime. The Austrian regime was added as a privileged tax regime (grey list) in September 2016 ({News-2016-09-16/A/2- previous coverage}). NI 1,683 amends the list to provide that Austrian holding companies will only be considered a privileged tax regime if not…