Legislation - Laws

Published in the Federal Official Gazette (DOU) of May 13, 2002

Changes the Federal Tax Legislation and provides

Article 1-.

Article 3- The article 24 of Law n° 9.430 of December 27, 1996, take effects by the following paragraph 3:

"Article 24-...

Paragraph 3- For purposes of this article, will be separately considered the tax based on labour and based on capital , as well as the country dependencies of residence or domicile.

Article 4- The rules for the transfer prices, costs and interest rates under articles 18 through 22 of Law n° 9.430 of December 27, 1996, are also applicable to transactions carried out by an individual or legal entity resident or domiciled in Brazil with any individual or legal entity, whether related or unrelated, resident or domiciled in a country or dependency with an internal legislation that imposes secrecy with respect to the legal entities' capital composition or ownership.

Article 5- .

Article 15-This law is effective as from its publication date, taking effects, in cases of:

I- article 1, for taxable events occurred between January 1st and December 31 of 2002;

II- article 2, for taxable events occurred from January 1st of 2002.

Brasilia, May 10, 2002; 181° of the Independence and 114° of the Republic

FERNANDO HENRIQUE CARDOSO
Pedro Malan