PROVISIONAL PRESIDENTIAL DECREE Nº 627, NOVEMBER 12, 2013-REVOCATION OF THE TRANSITIONAL TAX SYSTEM (RTT).

Provisional Presidential Decree No. 627, of November 12, 2013 – Revocation of the Transitional Tax System (RTT); taxation of the profits abroad of controlled company or affiliate by individuals; premium/discount resulting from equity interest; payment in installments of the Brazilian Social Integration Program (PIS) and Tax for Social Security Financing (Cofins) due by financial institutions and insurance companies and of Corporate Income Tax (IRPJ) and Social Contribution on Net Income (CSLL) on profits earned abroad.

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