On March 31, 2020, the Brazilian IRS published the Private Ruling 41/2020, which provides for the tax treatment of distributions made by trusts to Brazilian beneficiaries. The Ruling is relevant in case of succession in Brazil, as it analyzes the taxation of said distributions. Also, it is binding to the Brazilian tax authorities. In summary, […]
Anvisa’s deadlines are suspended for 120 (one hundred and twenty) days. The deadlines to accomplish the requirements relate to the following petitions for registration and post-registration of input, drugs and biological products: certification of bioequivalence centers, qualification of pharmaceutical equivalence centers, and consent and modification in clinical trials of drugs and biological products. In such […]
After the issuance of Executive Order 936 (“EO 936”), on April 1st, the Rede Sustentabilidade Party filed, on April 2, 2020, a Breach of Constitution Claim (“ADIN”) before the Supreme Court (“STF”). Said ADIN, which was assigned to justice Lewandowski, contained an injunctive relief plea to suspend the effects of the EO 936 due to the Constitutional […]
Covid-19: Notice of dealine suspension by the BPTO and other measures The Brazilian Patent and Trademark Office (BPTO) published the following notices in the Electronic Official Bulletin No. 2657, of March 17, 2020: Due to the coronavirus (COVID-19) pandemic outbreak, deadlines are temporarily suspended from March 16, 2020 to April 14, 2020. In addition, the […]
Among the measures published by the Brazilian Government last week to mitigate the impact of the coronavirus pandemic, Decree No. 10,305 was published on April 2, 2020, reducing the Financial Transactions Tax (IOF) rate to zero on credit transactions contracted between April 3, 2020 and July 3, 2020. According to the Federal Revenue, this measure […]
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 […]
Brazilian Federal Environmental Protection Agency (IBAMA) has taken some measures towards procedural and administrative deadlines in the context of the COVID-19 pandemic. Sanctioning procedures: The deadlines for IBAMA’s administrative procedures are suspended for an undetermined period, beginning on March 16, 2020 (Ordinance No. 826/2020), covering both administrative defenses and appeals. All environmental conciliation hearings are also […]
On Friday, April 3rd, 2020, the Brazilian Senate approved the Bill of Law No. 1,179/2020, which postpones the entry into force of the General Data Protection Law (LGPD), currently scheduled to occur in August of this year. The Bill of Law regulates several legal impacts in Brazil during the national emergency declared in view 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”) […]
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