Brazil has published Provisional Measure No. 1.137 of 21 September 2022, which provides a temporary exemption from withholding tax (0% rate) on specified income derived by beneficiaries resident or domiciled abroad (non-residents). This includes an exemption from 1 January 2023 to 31 December 2027 on income derived from:
- Bonds or securities subject to public distribution, issued by legal entities governed by private law and not classified as financial institutions;
- Credit rights investment …