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.

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This newsletter provides information about legal developments in Brazil to clients and members of Cescon, Barrieu, Flesch & Barreto Advogados. The content included herein is not meant to provide legal advice with respect to any specific matter. We do not undertake to update, supplement or modify the information contained herein.

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