In brief On October 25, 2023, in an Extraordinary Deliberative Session of the Plenary of the Chamber of Deputies, the Final Draft of Bill 4,173/23 (“PL”) was approved, which provides for the taxation of income earned by Brazilian individuals tax residents on financial investments, controlled entities and Trusts abroad, as well as the automatic taxation […]
In brief SECEX (Brazilian Secretariat of Foreign Trade) opened two public consultations aiming to collect contributions from any interested parties about (i) the possible extension and deepening of the Preferential Trade Agreement (PTA) between Mercosur and India; and (ii) on possible trade negotiations between Mercosur and the United Arab Emirates (“UAE”). The deadline for submitting […]
In brief The Superior Court has scheduled the judgment of Theme 1.079 for October 25th (Wednesday), at 2pm. This subject discusses the application of the monthly limit of 20 minimum wages to identify the calculation basis of the social contributions to third parties, such as Salário-Educação, SEBRAE, SESI/SENAI, SESC/SENAC etc., which usually represent a significant […]
In brief On 6 October, 2023, the Attorney General’s Office of the National Treasury (“PGFN”) added to its services available in the so-called “Regularize” system the option of submitting a Request for Review of Tax Debt (PRDI) for debts that have been decided by the tie breaking vote at the Administrative Council for Tax Appeals […]
In brief Please be advised that, on September 30 2023 (Saturday), the Social Security Department website released on the Internet the new “Accident Prevention Factor” (“FAP”) rate for each company, which will have a direct impact on company’s payroll social contributions for the year 2024. In more detail FAP is a multiplication factor (that varies from […]
On September 29, the Brazilian IRS (“SRFB”) published Normative Ruling RFB nº 2,161/2023 (“IN 2,161/23”), in order to regulate the new transfer pricing system introduced in Brazil through Law nº 14,596/2023. One of the main points of attention is the postponement – until December 31st – of the deadline to opt for the early adoption […]
In brief We inform you that on September 21, 2023, it was enacted the Law no. 14,689/2023, as a result of the sanction, with vetoes, by the Vice-President of the No. 2,384/2023, with the purpose of disciplining the proclamation of judgment results in the event of a tie vote within the scope of the Administrative Council […]
In brief On September 11, 2023, the Brazilian Supreme Court (“STF”) issued a significant ruling concerning the constitutionality of clauses within collective agreements, such as collective bargaining agreements and agreements between companies and Workers’ Unions. In more detail The STF’s decision declares that clauses establishing mandatory union assistance contributions, applicable to both employees and companies, […]
Scope of the Provisional Measure No. 1,185 (“MP 1,185”) The MP 1,185, published on August 30, 2023, revoked, as of January 1, 2024, the existing legal provisions relating to (i) the exclusion of investment subsidies from the IRPJ and CSLL (corporate income taxes) basis, and (ii) the non-levy of PIS and COFINS (turnover contributions) on […]
Data Protection Officer