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Transfer Pricing Report

How Brazil Could Tame Taxes Without Cutting Them

Sept. 19, 2019, 4:00 AM

Brazil is known for its complex business environment, and its byzantine tax system is a big reason why. According to the World Bank’s Doing Businessrankings, Brazil is the world’s seventh-worst place to have to pay taxes, roughly on par with the Republic of Congo and Bolivia.

President Jair Bolsonaro’s government, continuing to tackle some of the most vexing issues facing Latin America’s largest economy, hopes to simplify taxes for both business and ordinary citizens, a goal that eluded prior heads of state.

1. What is so bad about Brazil’s tax system?

It is governed by 5,680 laws and...

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