New taxation on dividends in Brazil: what foreign investors need to know

Starting in January 2026, foreign investors will be subject to a new 10% tax on dividends in Brazil. Bill 1.087/2025 is awaiting presidential sanction and will bring significant changes to investment structures. Take a look at the special material prepared by our experts:
Sofia de Padua Crivochein
Mariana Mascarenhas Orasmo Fontana
Luis Guilherme Cunha Joia
VALOR INTERNATIONAL | Companies to begin testing new tax on goods and services system in July

Starting July 1, the Brazilian Federal Revenue Service will launch the pilot program for the CBS — a new tax set to replace PIS, Cofins, IOF-Insurance, and part of the IPI. Around 500 companies are expected to participate in the testing phase in 2025, a crucial step in preparing the market for the changes that […]
André Melo
Hugo Barreto Sodré Leal