The Lower House of the Brazilian congress on 30 March 2023 approved the transfer pricing overhaul introduced by the government through Provisional Measure No. 1,152 on 29 December 2022. Parliament had 120 days to transpose the measure into law. The overhaul aligns Brazil’s historically specific fixed-margin transfer pricing approach with the OECD’s arm’s length standard. In this context, the overhaul introduced profound changes, including to the treatment of inter-company financing, intangibl…