Brazil (BR)

Jurisdiction Overview

IDQuestionAnswer
419 *CBCR: Is there a local filing requirement of a global country-by-country reporting file (according to OECD’s BEPS Action 13) by large corporate groups (with a worldwide turnover higher than 750 million Euro) and local subsidiaries of foreign groups? OECD Legislation: Secondary mechanism is subject to restrictions imposed by OECD model legislation; or no secondary mechanism at all (only the domestic ultimate parent entity has to file the CbCR)
 Data Date: 2019

Notes

 
Similar to the OECD Legislation, see The ECT (Tax Accounting Bookkeping) Manual, p. 378 (Google translate).
 
"Brazil has introduced local filing requirements as from the reporting period starting on or after 1 January 2016. No inconsistencies were identified with respect to the limitation on local filing obligation" (OECD CBCR 2018: 98). "No changes were identified with respect to the limitation on local filing obligation" (OECD CBCR 2019: 89).

Sources

http://sped.rfb.gov.br/estatico/D5/0A17B6181874C505B51F6ECBD9B32F8E035AEB/Manual_de_Orienta%C3%A7%C3%A3o_da_ECF_Maio_2017.pdf
 
OECD CBCR 2018
 
OECD CBCR 2019