The value refers to a fortune of R$429 million that is deposited in the Bahamas
A took a favorable decision to the heirs of , exempting them from paying R$17 million in taxes. This amount refers to a fortune of R$429 million that is deposited in the Bahamas. The exemption was based on the lack of specific legislation that regulated the collection of this tax on values held outside Brazil. The heiresses maintained that the amount held abroad does not comply with Brazilian tax rules. The injunction granted by the court also guarantees that they will not be included in default records until the issue is definitively resolved. This legal protection is crucial to avoid financial complications while the case is under review.
The majority of the fortune in question is invested in Daparris Ltd, a company located in the Bahamas, which is recognized for its advantageous tax conditions. The Court’s decision reflects an interpretation that could have significant implications for the taxation of assets abroad, especially in similar cases involving large fortunes. This outcome raises questions about Brazilian tax legislation and the need to update the rules that govern the taxation of assets held outside the country.
Published by Sarah Paula
*Report produced with the help of AI
