Brazil reopens its voluntary tax disclosure regime from 30 March 2017

On 30 March 2017, Brazil reopened its so-called Special Regime of Exchange and Tax Regularization (“Regime Especial de Regularização Cambial e Tributária or “Rerct”) which was announced on 3 April 2017 (Link-Portuguese).  This newly opened amnesty includes a 135% penalty on the tax due.

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