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Brazil drafts new tax breaks to lure foreign investors

Brazil drafts new tax breaks to lure foreign investors

June 2, 2021 | Thierry Ogier
Infrastructure Minister Tarcísio Freitas says Congress is set to pass a bill to scrap the withholding tax on project bonds issued abroad

Project & Infrastructure Finance Toll Road Ports Railroads Highways Regulation Politics Corporate & Sovereign Strategy Debenture Bonds Debt Economy & Policy Fixed Income Capital Markets Interviews Brazil

Brazil's Congress is expected to pass a bill within the next two months to cut taxes on bonds issued abroad to fund infrastructure projects at home, Infrastructure Minister Tarcísio Gomes de Freitas told LatinFinance on Tuesday. "There is an ongoing modernization of the financial system in Brazil in order to cut the credit gap. We have been modernizing our swap system. We will soon approve new legislation for debenture issues," he said. As it stands now, infrastructure debentures issued in Brazi

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