Brazil to Change Rule for Local Bond Tax Exemption, Valor Says
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The Brazilian government is preparing changes in legislation that exempts investments in local bonds for infrastructure projects from paying income tax, Valor Economico reported, citing Dyogo de Oliveira, deputy executive secretary of the Finance ministry.
The changes, which may be implemented in two months, aim to clarify points of the legislation to make these investments more attractive, the Sao Paulo-based newspaper said.