Unpacking Item Classification in Brazil

Brazil is recognized around the globe as having one of the most complicated tax systems in the world. The complex and constantly-changing tax requirements regularly confound large international corporations that seek to open or expand subsidiaries in the country.  One of the many difficulties corporations must manage is following the Brazilian government’s rules for classifying… Continue Reading

What You Need to Know About VAT Rates in Brazil

International corporations accustomed to simple value-added tax (VAT) rates are in for a rude awakening when opening up shop in Brazil.  The largest economy in South America is ripe with opportunities for ambitious corporations based overseas, but only if they can navigate the country’s complicated and every-changing VAT rates.   What makes calculating value-added taxes so… Continue Reading

4 LatamReady SuiteApp Features Your Company Needs in Brazil

The LatamReady SuiteApp is the secret weapon for multi-Latin companies using Oracle NetSuite!  Our innovative tax compliance solution enables large international corporations with subsidiaries across Latin America to control and manage their company and its international processes easily in the cloud! The LatamReady SuiteApp even works for companies operating in Brazil, the country recognized around… Continue Reading

The Secret to Solving Withholding Tax Problems in Brazil

Magicians never reveal their secrets, right? Fortunately for you, the only vanishing act we perform is making your tax compliance problems in Latin America disappear!  Take Brazil, for example. Many international companies that expand into South America’s largest economy quickly bump up against complex withholding tax requirements that can cause major headaches.  That is just… Continue Reading

Taxes in Brazil are About to Change. Are You Prepared?

Earlier this month, Brazil’s federal revenue secretary announced that the government will send a tax reform proposal to Congress before the end of 2019. Is your international business prepared for potential changes to Brazil’s notoriously complicated tax regulations? Trying to navigate changing tax rules alone can be a time-consuming, complex challenge, even for companies already… Continue Reading

Expanding your company to Latin America? | Don’t forget to do this!

Is your company based in the States or in Europe? If it is, then you’ll already understand the taxation rules there as you’ve already learned to control and adapt to it.  However, once your company starts expanding globally, especially when reaching Latin America, you’ll need to understand that the level of tax complexity will increase… Continue Reading