A temporary measure issued by President Jair Bolsonaro reduces the income tax of foreigners who have invested in Brazil to zero.
The matter was published in the Official Gazette of the Union on Thursday (22) and will now be considered by Congress.
The law amends law 11,312 of 2006, according to which the tax rate reduction applies to income earned from January 1, 2023 to December 31, 2027.
The benefit can be extended to residents or domiciled abroad, who are shareholders of infrastructure investment funds (FIP-IE) and investment participation in economic products with intensive research, development and innovation.
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