23/03/2016 12h38 - Updated 23/03/2016 12h40

House approves agreement to exchange tax information in G20

The protocol establishes the confidentiality of tax information, creating limits for protection of people and tax secrecy.
Photo: Gustavo Lima / Chamber of Deputies
Photo: Gustavo Lima / Chamber of Deputies

Brasilia – MEPs approved today (23) an international agreement signed by Brazil in November 2011, laying down rules for the sharing of tax information among G-20 member countries, between them, France, India, Canada and United Kingdom.

O protocol, called Multilateral Convention on Mutual Administrative Assistance in Tax Matters, establishes the confidentiality of tax information, creating limits for protection of people and tax secrecy and prohibiting actions that could harm people, business or transactions, according to the Organization for Economic Cooperation and Development (OCDE).

"The exchange of tax information and assistance procedures between countries are needed for the development of tax research, essential to surveillance, aiming to reduce tax evasion, often presented in the form of investment resources in other countries ", He defended Mr Pauderney Avelino (DEM AM), author of the report prepared by the Finance and Taxation (CFT).

The agreement may also reduce the double taxation and tax discrimination from information on internal rules of tax collection of the signatory countries. No text International, It is expected to assist in the recovery of tax credits, including precautionary measures, and to document delivery. They are also related to federal taxes, state and municipal included in the agreement.

The text follows for consideration of the Senate.

Source: Exame.com

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