Brazilian Government creates a council to prepare and monitor the admission process to the OECD

2019 Jul.29

On July 18th, 2019, the President Bolsonaro signed the Decree n 9.920/2019, creating the Council for Preparation and Monitoring of the Admission of Brazil to the Organization for Economic Cooperation and Development (OECD). The Council is a new step in a process that started back in 2017, when Brazil formally requested membership to the OECD.

Recently, in May 2019, the U.S. Administration officially manifested its support for Brazil’s accession, as long as the country withdraw its status as a developing country with the World Trade Organization (WTO).

The Council reflects the importance given by the current administration to the Country’s admission to the OECD, which forecasts that significant changes are coming, especially on tax matters, aiming to align Brazilian’s legislation to the organization standards. The Tax Consultancy Area of Rolim, Viotti & Leite Campos will keep monitoring the admission process of Brazil to the OECD, and are available for further clarifications regarding the matter.

Related attorneys: Antonio José Ferreira Levenhagen / Frederico de Almeida Fonseca /