On 10 September 2015, the Brazilian Chamber of Deputies received Bill Project No. 2960/2015 for review. Project 2960 is similar to Senate Law Project 298/2015 (PLS 298) ({News-2015-08-19/P/2- previous coverage}). Both provide for the creation of a new voluntary disclosure program for unreported foreign assets: the Currency and Tax Compliance Special Regime (Regime Especial de Regularização Cambial e Tributária, RERCT), but with a number of key differences.
The main differences between Projec…