On November 29th, 2022, the Brazilian and the British governments signed a bilateral agreement on the taxation of income, providing relief from double taxation, and preventing tax avoidance and evasion. While not yet in force, this treaty has the potential to significantly impact cross-border work, investment and commerce.
Tax Committee of the Brazilian Chamber of Commerce hosted a debate among Brazilian and British international tax practitioners on the provisions found in this convention, highlighting their main distinctions (and advantages) when compared to domestic tax laws and other treaties signed by UK and Brazil, as well as addressed the status of implementation towards coming into force and possible pragmatic consequences to individuals, companies and business transactions involving the two countries.
Speakers:
- Vera Innes, Chair of the Brazilian Chamber of Commerce in Great Britain
- Luiz Felipe Centeno Ferraz, tax partner at Mattos Filho Advogados
- Jivaan Bennett, tax and corporate disputes lawyer at Linklaters, visiting lecturer in EU Tax Law and International Tax Law and Policy at King’s College London
- Fausto Pereira, Anglo American’s Head of Tax in Brazil
- Gustavo Braga, founding partner at BBS - Braga, Bastos & Sá Advogados and Head of the Tax Committee of the Brazilian Chamber of Commerce in GB