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Brazilian Federal Government sets a zero rate for WHT on Cross-border Payments of Aircraft Leases until the end of 2023

January 06, 2022 9:08 PM | Anonymous

On 31 December 2021, the Presidency of Brazil published Provisional Measure No. 1,094 (MP 1,094/21), which amends Law 11,371/06 and reduces to zero the rate of withholding income tax (WHT) on payments made until 31 December 2023 arising from leases of aircraft and aircraft engines, entered into by air carriers engaged in scheduled and public air transport services of both passengers or cargo.

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Source: Pinheiro Neto

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