Business Services Industry
House approves royalty tax software.
Australasian Business Intelligence, March, 2007
Byline: DavidARoberto R Soares da Silva
Mar 04, 2007 (Tax Notes International - ABIX via COMTEX) -- Brazil announced on 6 February 2007 that it would be abolishing the 10 per cent royalty tax (CIDE) on imported software. The decision applies only to off-the-shelf software and not software imported as a result of a transfer of technology, and is retrospective to 1 January 2006. The decision is certain to be welcomed by the Brazilian computer industry, which has long argued against ...
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