Brazil CNJ change removes ITCMD prepayment requirement for extrajudicial inventories

The National Council of Justice (CNJ) in Brazil has altered rules to no longer require advance payment of the ITCMD inheritance tax as a condition for issuing public deeds of inventory and partition. This change, analyzed by the CNJ, affects families with assets but lacking liquidity, potentially easing extrajudicial inventory processes. The decision does not eliminate the tax itself, and its full implications remain to be seen.