Last Wednesday, the Advocacy and Competition Law Secretariat of the Ministry of Economy (“SEAE”) published the Public Consultation no. 02/2021, through which it seeks to receive contributions on potential abusive or excessive actions by federal regulators. The contributions will be used by SEAE to develop a public policy proposal that helps and directs the activities […]
In brief The COVID-19 pandemic, together with populist politics, political instability, and public health and security concerns, has increased the number of bills of law aimed at addressing taxation of significant amounts of revenues, commonly known as Wealth Tax. We are facing a trend among Latin American jurisdictions to propose and in some cases to […]
Brazilian taxpayers can already submit their Declaration of Foreign Assets to Brazilian Central Bank (the so called “DCBE”), which is due on April 5, 2021. The declaration shall be filed by individuals or legal entities resident, domiciled or headquartered in Brazil, with foreign assets in the amount equal to or greater than: (i) USD 1.000.000.00 […]
Through Directive Release No. 2/2021/CVM/SIN, CVM issued guidelines on the minimum elements that must compose the compliance activities and the Compliance Report provided for in arts. 19 to 22 of CVM Instruction No. 558 (“ICVM”). The purpose of the document is to present to securities portfolio manager registered with CVM the topics that must be […]
In brief On February 24, 2021, the Brazilian Supreme Court (“STF”) finalized the trial of Direct Unconstitutionality Actions 1,495 and 5,659 that addressed whether software related transactions should be taxed by ISS (Municipal Service Tax) or ICMS (VAT State Tax). By majority of votes, STF decided for the exclusive levy of ISS over such transactions, […]
In brief On February 23, 2021, Federal Decree No. 10,634/2021 was published, which regulates the disclosure of automotive fuel prices to consumers. The Decree establishes obligations that must be observed by the fuel retailers in relation to the content, form and type of information that must be available to consumers regarding the prices, discounts and […]
In brief On February 2021, the Brazilian Federal Government published the Decree No. 10.623/2021, which institutes a program for National Parks’ “adoption”. The main goal of the program is to promote the conservation, recovery and improvement of federal protected areas, through the participation and collection of investments from individuals and private entities, nationally and internationally. […]
New Special Payment Program (“PEP”), as governed by Decree# 47.488, of February 12, 2021 On February 17, 2021, the State of Rio de Janeiro Governor enacted Decree # 47,488/21, launching a new Amnestry Program, the Special Payment Program (“PEP”), for the payment of tax debts related to the State VAT tax (“ICMS”), State Donations and […]
In brief On February 2, 2021, CETESB’s Board Decision No. 008/2021/P was published. In summary, it releases from environmental licensing or any other declaration from CETESB locals or places of delivery; collection points; sorting center; and reception center, except stations and reception centers for the packaging of pesticides, lubricating oil (including packaging and automotive filters); […]
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