On March 07, the Swiss parliament approved an agreement with Brazil to avoid double taxation on revenue. Still pending approval by the Brazilian Congress, the agreement is a source of incentive to the industries and investors of both countries.

The agreement is based on a project developed by the Organization for Economic Co-operation and Development (OECD) on erosion of the tax base and transfer of profits (BEPS Project) to avoid abusive interpretations or planning and to bring greater security to Swiss investors who want do business in the country.