Last night, the Federal Government enacted Provisional Measure (“MP”) No. 1,184/2023, which established new rules for the taxation of investment funds. Among other novelties, MP established the periodical taxation of profits from closed-end funds through the “come-cotas” system, as well as taxation of the accumulated of profits generated until December 31, 2023. The MP will be discussed by the National Congress and is needs to be converted into law within a period of 120 days (60 days extendable for another 60 days), excluding the period of parliamentary recess.