The Brazilian transfer pricing legislation underwent profound changes with the publication of Law 14.596/2023, which came into force in 2024 and brought Brazil closer to the OECD guidelines.

Among the main points, the new regime adopts the arm’s length principle as the basis for transactions between related parties, expands the scope of transactions subject to the rules and details the analysis, comparability and adjustment methodologies, requiring companies to adopt strategy, technical precision and operational adjustments to ensure compliance.

Paulo Honório, Bruno Feitosa and Urick Soares have contributed detailed analyses of transfer pricing in Brazil to the Transfer Pricing 2025 guide published by Chambers and Partners, covering the main aspects of the new legislation and its impact on national and multinational companies.

Read the full content on the Chambers website: https://practiceguides.chambers.com/practice-guides/transfer-pricing-2025/brazil

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