Brazil: Changes to taxation of investment funds - KPMG Global
Share with your friends

Brazil: Changes to taxation of Brazilian investment funds

Brazil: Changes to taxation of investment funds

A “provisional measure” (MP 806) introduces changes to the taxation of certain Brazilian “closed” investment funds—that is, those funds in which investors are not allowed to redeem their quotas during the term of the investment, but only upon liquidation of the funds or through quota amortization.


Related content

MP 806 introduces withholding tax changes that affect certain closed funds. There are also new tax measures affecting private equity funds (whether they qualify as investment entities or not). The measures under MP 806 are scheduled to be effective beginning 1 January 2018, assuming MP 806 is approved by the Brazilian Congress and converted into law.


Read a November 2017 report (English) and (Portuguese) prepared by the KPMG member firm in Brazil

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us


Want to do business with KPMG?


Request for proposal