In brief On June 14, 2023, the Presidential Decree No. 11,563 of June 13, 2023 (Decree No. 11,563/23) was published in the Official Gazette of the Federal Executive, regulating the Federal Law No. 14,478 of December 21, 2022 (Federal Law No. 14,478/23), which consists in the denominated “Legal Framework of Virtual Assets” in Brazil. In […]
In brief On 5 June 2023, Federal Decree Nos. 11,546, 11,547, 11,548, 11,549, and 11,550 were enacted, setting forth provisions related to climate change. More details DecreeNo. 11.550/2023 establishes the Interministerial Committee on Climate Change (CIM). The CIM will be the institutional instrument responsible for defining guidelines and deliberating on the country’s strategies within the scope […]
In brief The Secretariat of Foreign Trade (“SECEX“, in its Portuguese acronym), by means of Circular No. 22, of June 13, 2023, published on June 14, 2023, opened an antidumping sunset review concerning Brazilian imports of welded steel pipes of austenitic stainless steel originated from Malaysia, Thailand, and Vietnam.The duties remain in force throughout the […]
In brief Law No 14,596, originated from Provisional Measure No 1,152/2022, was published this Thursday (06/15/2023) to introduce new transfer pricing rules in Brazil. In more detail The new Law reproduces the wording of Bill of Law No 08/2023 previously approved by the Senate, which means that there were no vetoes and that Law No […]
In brief On June 12, 2023, the Rio de Janeiro Municipality enacted Law # 7,907/2023 (“Neutral ISS Law”) to promote the development of carbon credits market in the Municipality of Rio de Janeiro and encourage the reduction of greenhouse gas emissions. More details Aiming at attracting companies engaged in the development, certification and trading of carbon […]
In brief In June 13, 2023, the Brazilian IRS issued, with binding effects, COSIT Ruling No. 107, which refers to the taxation on cross-border remittances made as compensation for the acquisition of off-the-shelf software license from abroad. More details In relation to Withholding Income Tax (“WHT”), the Brazilian IRS confirmed the tax is due since […]
In brief On May 25, 2023, the Federal Treasury Department published the Public Notice PGDAU n. 3, which provides for a new special settlement agreement by adhesion for debts registered as overdue liability certificates, whose discounts and payment conditions will be determined according to the payment capacity of the taxpayer and/or classification of debts as […]
In brief On Friday (05/12), the Brazilian Data Protection Authority (ANPD) published Technical Note No. 4/2023/CGTP/ANPD with a diagnosis of the study it conducted to verify the conformity of the processing of personal data by drugstores with the Brazilian Data Protection Law (Law No. 13,709/2018 – LGPD). In more detail The study was motivated due […]
In brief On May 12th, the Municipality of Rio de Janeiro enacted Decree # 52,449/2023, establishing conditions and benefits for taxpayers to settle tax and non-tax debts enrolled as Municipal executable tax debt, to which triggering events took place until December 31st, 2022. Additional details Exception is made by the program to debts resulting from […]
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