Authorities hope a new tax law, Supplementary Law 157/16, will bring some much needed change to Brazil’s utterly complex tax code.
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Brazil's up-and-coming fintech sector is forcing the government to search for better ways to regulate the industry without imposing too much red tape.
Despite Brazil's economic difficulties, total foreign investment in the country in 2016 was 6 percent higher than in 2015 with record numbers in December.
Allowing debt-ridden companies to sell their assets without the debt affecting the purchase price is one new measure aimed at boosting the Brazilian economy.
The Brazilian Central Bank deadline for foreign residents to file their CBE declaration and account for assets held abroad is April 5, 2017.
Brazil will use a new international fiscal information exchange agreement to prevent Brazilian companies from hiding revenues and avoiding local taxes.
Brazil's thriving startup scene is one key factor that has helped the country rebound from a period of economic and political turbulence.