Law 12,766/2012, published in the Official Gazette of 28 December 2012 and effective as of that date, amends the transfer pricing calculation methods for interest, paid or received, by national entities.
The law revokes the general rule (recently amended by Law 12,715/12) providing that the benchmark for the interest expenses would correspond to the LIBOR rate for US deposits of 6 months plus an annual spread of 3% on Provisional Measure 563/2012 – converted into l…