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Tax relief to encourage sport: the Brazilian way

Tax Law

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Tax relief to encourage sport: the Brazilian way

Written by Nilo Effori on Tuesday, 20 March 2012. Posted in Tax Law

In 2006, the Brazilian government, after several discussions inside the Parliament, enacted the Federal Statute number 11.438 regarding sports incentives (the “Statute”). The Statute could be an example for countries that have interest in promoting amateur sports and academies with the aim to develop professional competitive sport while increasing the social inclusion of its citizens.

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