Corporate Obligations

New regulation strengthens transparency and expands ultimate beneficial owner reporting requirements for entities in Brazil

23 September 2026

Brazil has recently updated the regulations governing the identification and reporting of ultimate beneficial owners (UBOs), i.e., the individuals who ultimately own, control, or exercise significant influence over entities, including companies, investment funds, and not-for-profit organizations. The Brazilian Federal Revenue Office issued Normative Instruction RFB No. 2.290/2025, which amended Normative Instruction RFB No. 2.119/2022 and…

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Corporate Obligations and Tax Uncertainties Regarding Dividends

23 March 2026

With the beginning of the year, companies operating in Brazil enter an important period for fulfilling corporate obligations. During the first four months of the fiscal year, companies must review the financial statements from the previous year, approve management accounts, and decide on the allocation of profits earned. As a general rule, the fiscal year…

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