In accordance with the Normative Instruction RFB no. 892/08, publicly traded and privately held corporations are now required to inform the Federal Revenue of any operations in which their shares are transferred.
The corporations are released from that obligation only if the seller submits to the corporation: (i) within 15 days from the end of the legal term for the payment of the tax applicable to transaction, a tax revenue document supporting its payment, or (ii) a document that evidences the presentation of a Statement of Non Existence of Tax due to the Federal Revenue.



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