Machado Associados

(The following information was supplied by the firm)

Firm Overview:

Machado Associados is a leading Brazilian law firm, highly respected in the demanding international scenario.

Machado Associados specialises in the main Corporate Law areas, providing services to national and international clients of all sizes and economic sectors. Since the onset, Machado Associados is acknowledged in the Market as one of the leading firms in the tax area by its clients, peers and the most renowned international publications. The firm’s excellence in the tax segment was extended to its other practice areas, which enjoy equal recognition and reputation.

Based on this distinguished profile, the firm renders high quality, comprehensive, and differentiated services to domestic and foreign clients of all sizes, operating in virtually all industries, such as civil construction, cosmetics, chemical and petrochemical, energy, technology, pharmaceutical, finance market, foodstuffs, automotive, transportation and logistics, and regulated markets. Seeing much market recognition since its foundation, the firm and many of its partners hold some significant national and international industry awards, and have been highly ranked in several areas.

Managing Partner: Julio Oliveira

Number of partners worldwide: 40



Consulting related to all taxes levied in Brazil, transfer pricing rules, structuring of mergers and acquisitions transactions from the tax standpoint, international tax planning for the structuring of investments of global companies (including assistance for Brazilian companies to expand overseas), international treaties to prevent double taxation, and tax compliance review.

Tax Litigation:

Judicial and administrative tax litigation at all levels and involving all types of tax matters, including defences against tax assessments and lawsuits to challenge tax liabilities or aiming at the recovery of unduly paid taxes.


Advisory on all legal aspects relating to foreign investors operating in Brazil and Brazilian companies investing abroad; incorporation of all types of legal entities; advisory on matters relating to shareholders’ rights, corporate governance, corporate disputes; assistance in corporate reorganisations.


Participation in the negotiation and implementation of transactions involving the purchase and sale of companies, assets, establishments and/or lines of business, joint ventures, consortium agreements, silent partnerships, shareholders’ agreements, performance of due diligences in all practice areas.


Advisory in the structuring of compliance programs; advisory in the interpretation of Brazilian laws and regulations about compliance and anticorruption; preparation of policies and codes of conduct; internal training courses; review and customisation to compliance policies used abroad to adapt them to the Brazilian laws; due diligence of suppliers; drafting, review and negotiation of agreements, and documents about compliance and anticorruption.


Preparation, review and negotiation of contracts in general, involving Brazilian and foreign companies and/or individuals.

Foreign Investments:

Assistance with the registration of foreign investments and loans with the Central Bank of Brazil, matters involving international transfers of funds, and interpretation of regulatory acts from the Central Bank.


Advice on compliance with rules of regulatory agencies; assistance with matters related to invitations to bid, administrative contracts, concessions and permits for construction work and public services, as well as public-private partnerships.

Real Estate:

Preparation, analysis, and negotiation of agreements for the purchase and sale, lease and free loan of real estate, business condominiums, among others; full assistance with real estate collaterals.

Labour & Employment:

Advice on the hiring, management, compensation and termination of professionals; compensation and benefits; equalisation of benefits; confidentiality and labour-related intellectual property covenants; unions; relocation of employees; foreign workers; international work; labour and employment compliance reviews; social security counselling; and labour and social security litigation.

Import & Export:

Advice in the customs area, encompassing taxes and duties, antidumping rights, special customs regimes, import and export control rules, international treaties and tax incentives. Litigation on customs matters. Advisory on the application of transfer pricing rules and on the inflow or outflow of funds from Brazil for the payment of imports and exports, including the analysis of the Central Bank of Brazil rules and requirements.

Civil Litigation:

The litigation practice provides high quality services to domestic and foreign clients. The firm provides services to clients engaged in different industries and sectors, representing them in judicial disputes before State and Federal Courts, as well as before the Superior and Supreme Courts. Its highly skilled team provides sophisticated services in respect to simple and highly complex disputes.

International Work:

Machado Associados represents several multinationals and their Brazilian subsidiaries, as well as many of the largest Brazilian companies with global activities, in cross-border transactions and in the structuring and implementation of their investments in Brazil and abroad. The firm is a founding-member of the Latin America Tax and Legal Network — LATAXNET (, an alliance of top ranked law firms in Latin America. The firm is in a unique position to assist clients interested in doing business in Latin America. Machado Associados is the Brazilian firm member of the renowned international tax network WTS Global ( Focused on the tax and corporate areas and one of the worldwide leaders in this field, WTS Global is composed of selected consulting firms in more than 100 countries.


Portuguese, English, Spanish, French, German.

Key Contacts

Managing Partner:

Julio Oliveira

Firm Rankings

Band 3


Band 2


Lawyer Rankings

Júlio Oliveira

Band Three

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Ricardo Marletti Debatin da Silveira

Band One

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Stephanie Makin

Band Three

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Brazilian Federal Revenue Service reduces PIS/COFINS credits with questionable opinion

Júlio M. de Oliveira and Gabriel Caldiron Rezende of Machado Associados discuss the recent maneuver of the Federal Revenue Service to reduce the financial impact of the Brazilian Federal Supreme Court decision on the PIS/COFINS taxable base.  As discussed in previous articles, on March 15 2017, the Full Bench of the Brazilian Federal Supreme Court […]

31 Aug 2021
Brazilian Supreme Court concludes the discussion about the inclusion of ICMS in the PIS/COFINS taxable basis

Mauri Bornia and Gabriel Caldiron Rezende of Machado Associados discuss the final decision of the Brazilian Federal Supreme Court, which settles, once and for all, the discussion about the inclusion of ICMS in the PIS/COFINS taxable basis. On March 15 2017, the Full Bench of the Brazilian Federal Supreme Court (STF) ruled that the inclusion […]

27 Jul 2021
New ‘Local File’ Requirements in Brazil

(Previously published in the WTS Newsletter.) Brazil is widely known for taking a different approach to transfer pricing rules, with Brazil- ian rules diverging substantially from the OECD Guidelines. This unique approach also extends to transfer pricing documentation requirements. Out of the three standard documents recommended by the OECD as transfer pricing docu- mentation requirements, […]

07 Jul 2021
Currency Exchange Legal Framework Project

Against the backdrop of the global crisis caused by the Coronavirus and the reduction of foreign investments in Brazilian applications in 2020 (which made the last year the worst in direct investment performance in the country since the 2018 crisis), Bill 5387/2019 (“PL 5387/19”), also known as “Currency Exchange Legal Framework”, represents an important promise […]

28 Jun 2021
Brazilian Federal Supreme Court unravels the levy of taxes on software licensing

Ricardo Marletti Debatin da Silveira and Rogério Gaspari Coelho of Machado Associados discuss a Supreme Court decision about the taxation of software licensing in Brazil   In February 24, 2020, the Brazilian Federal Supreme Court (STF) delivered a final decision related to the taxation of software in Brazil, defining that the transactions with software are […]

31 May 2021
New outlook for Brazil on withholding tax on service remittances abroad

Stephanie Makin and Ana Lúcia Marra of Machado Associados discuss changes to the withholding tax on service remittances abroad and the impact on multinational corporations. The high tax burden imposed by Brazil on remittances abroad related to the import of services, as well as multiple taxes, various tax rules and taxing authorities’ interpretation of double […]

31 May 2021

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