On April 17, 2020, the Brazilian Securities and Exchange Commission (“CVM”) issued CVM Instruction 622 (“ICVM 622”), which partially amends CVM Instruction 481, issued on December 17, 2009 (“ICVM 481”), and provides for the manner in which publicly-held companies shall hold general digital meetings. This innovation is in line with other regulatory amendments made by […]

Yesterday, April 15, 2020, was published the Normative Ruling of the National Department of Business Registration and Integration – DREI No. 79 (“NR 79”), that provides the rules for attendance and remote voting in meetings or assemblies of privately-held corporations, limited liability companies and cooperatives (“Companies”). The normative ruling is in line with other regulatory […]

Due to the recent economic crisis resulting from the coronavirus pandemic (Covid-19), on April 03, 2020, the Ministry of the Economy issued the Ordinance no. 139/2020 postponing the deadline for the payment of the following federal taxes: In addition, the Federal Revenue Department issued the Normative Ruling no. 1,932/2020 postponing the deadline for the filing of […]

Due to the recent economic crisis resulting from the coronavirus pandemic (Covid-19), several taxpayers are seeking to replace judicial deposits performed in labor and tax lawsuits with insurance guarantees and bank guarantees, in order to obtain a financial relief to honor payroll payments etc. Labor Aspects On March 27, the National Council of Justice (“CNJ”) […]

Provisional Measure – PM No. 932/2020 – 50% reduction on tax rates applicable for contributions due to Third Parties for 3 months (Covid-19 – “Sistema S”) The legislation determines the levy of Social Security Contributions and Social Contributions due to Third Parties upon the total compensation paid to the employees. In general, the contributions due […]