On April 12th, Brazil’s Federal Ministry of Economy reaffirmed the country’s commitment towards fully implementing the arm’s length standard (ALS) into its transfer pricing (TP) rules, aligning the country’s current system with the OECD TPG. That measure is part of a bigger process of Brazil’s accession to the OECD. A specific draft of the legislation has been announced by the country’s Minister of Economy, Paulo Guedes, and is expected to reach the National Congress in August.
