Executive Declaratory Act SRF nº 12, from 26 of January 1998

Official Gazette of 27.1.1998

Clarifies the date of validity of the agreement between Brazil and Finland for the avoidance of double taxation. (Esclarece a data de vigência do acordo para evitar a dupla tributação celebrada entre Brasil e Finlândia.)

The FEDERAL REVENUE SECRETARY, in the use of his attributions and having regard to the disposed in the Agreement for the Avoidance of Double Taxation on Income between the Federative Republic of Brazil and the Republic of Finland, approved by the Legislative Decree nº 35, from 19 of August of 1997, and promulgated by the Executive Decree nº 2.465, from 19 of January of 1998, declares:

1. The tributary treatment foreseen in the mentioned agreement applies:

1.1. to income subjected to taxation at source paid or credited on or after January 1st 1998;

1.2. in relation to tax on other income, the amounts received or credited on or after January 1st 1998.

2. The convention between the two countries to avoid the double taxation on income set on 16 of February of 1972, promulgated by the Decree nº 73.496, from 17 of January of 1974, and modified by the Protocol settled on 12 of June of 1989, will be ineffective as the new agreement enters into force, as arranged on the item 1 above.

EVERARDO MACIEL