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Brazil's Supreme Federal Court Upholds Levy of CIDE on Cross-Border Payments for Royalties and Technical Services

|Approved Changes|Brazil
Brazil

Brazil's Supreme Federal Court has issued a release on its recent decision concerning the levy of the Contribution for Intervention in the Economic Domain (CIDE) on cross-border payments for royalties and technical services (CIDE-Tecnologia). In a majority decision, the Court validated the changes that expanded the levy of CIDE-Tecnologia, a contribution for intervention in the economic domain that is levied on financial remittances abroad as remuneration for contracts involving the use or t…

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