Brazilian Tax System and Its Relevant Issues

Brazilian Tax System and Its Relevant Issues

Join Us on April 11, 2013 Time: 8:00 AM to 10:00 AM Location: King & Spalding LLP, New York, New York Registration Period: Mar 4, 2013 to Apr 12, 2013
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Brazilian Tax System

Over complicated, high tax rates, uncertain. International business executives have heard too many times those words that have been long used to classify the Brazilian taxation system. Before investing in an emerging economy, without the typical guarantees of return, multinational companies were warned about the “Brazil cost”, but not much was explained about Brazil’s peculiar tax regime and its particular opportunities.

The fact that each government body (Federal, State and Local) is responsible for administering its own different taxes indeed creates a more complex taxation system. However, tax benefits offered by those same authorities outdo the burden and make the return on the capital invested in Brazil a great deal.

Our talk intends to provide the audience with an overview of the specifics regarding the Brazilian taxation system. The taxes, the benefits, procedures that must be followed by taxpayers, courts and authorities positions about tax issues, and the current scenario for foreign investors are going be covered by expert Rayes & Fagundes tax associates that work daily with those matters and are experienced in advising companies.

Examples of those current relevant subjects are the lower tax rates, or even exemptions, of the ICMS (sales tax), ISS (service tax), and IPTU (property tax) set for investments on specific areas in the country promoted by the government. Other benefits granted are the amortization of goodwill, a favorite among foreign investors, which allows taxpayers to use the surplus paid for an acquisition as tax credits, and the new laws that reduce tax and labor costs for companies in specific sectors and encourage investments.


Raphael works at Rayes & Fagundes in corporate taxation, corporate structuring, and tax counseling. Raphael graduated in law from the Federal University of Rio de Janeiro - UFRJ and obtained his LL.M degree from Columbia University Law School (New York - NY). Raphael began his practice working as an in-house tax counsel for one of Brazil's largest companies in the energy sector. His international experience includes working in New York for non-profit organizations. Since joining Rayes & Fagundes' tax team as a Senior Tax Associate, Raphael has been working with domestic clients and international companies that seek to enter the Brazilian market.

Christopher is a Tax Partner with King & Spalding LLP in New York.  He represents both sponsors of and investors in private equity and other alternative investment vehicles on a global basis.  In addition, he has represented a number of strategic and financial investors in Brazilian private equity, real estate, infrastructure and energy investments. He currently is the Chair of the American Bar Association's Real Estate Investment Trust subcommittee.

Marcelo is a Senior Tax Associate with Rayes & Fagundes. Marcelo works with corporate taxation, corporate structuring, and tax counseling. He graduated in law from the Catholic University of São Paulo - PUC-SP in 2004 and has since dedicated his practice to advising corporate clients. As coordinator of the law firm's tax department, Marcelo's focus is in providing customized consulting to domestic and international clients in M&A deals and financial transactions, as well as in complex local tax issues. His legal background and knowledge of accounting standards and companies' tax routines offer to his clients a comprehensive view of matters that can directly impact their business operations.   






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General Information

Event Topic

Brazilian Tax System and Its Relevant Issues

Type of Event

Breakfast Seminar

Date of Event

April 11, 2013
8:00 AM to 10:00 AM

Event Registration Fees

Member Price: $ 35.00 Non-Member Price: $ 70.00


King & Spalding LLP
1185 Avenue of the Americas
(Between 46th and 47th Streets)
New York, New York 10036
United States