On May 15, 2020, the State of Rio de Janeiro published Law no. 8,824 / 20, authorizing Rio de Janeiro Governor to create ICMS tax benefits to fight and prevent COVID-19. The benefits may be extended to imports of assets listed in the annex to the Law, as well as on their internal and interstate […]
On May 22, the Supreme Court (STF) will start to rule complaint ADI 5,529, filed by the Federal Public Prosecutors’ Office (FPP) to declare Article 40, sole paragraph, of the Brazilian IP Law unconstitutional. The provision establishes an exceptional rule to guarantee that patent owners will have a minimum of 10 (for patents) and 7 […]
Following the actions to prevent the infection and the spread of COVID-19, the Brazilian Patent and Trademark Office (BPTO) has just published an update regarding deadline extension in the Electronic Official Bulletin No. 2575, of May 12, 2020. The temporary suspension of all deadlines (previously covering the time period from March 16, 2020 to May […]
On May 12, 2020, the Ministry of Economy enacted Ordinance no. 201/20, extending the deadline for payment of installments resulting from debts with the IRS and the Attorney General’s Office. According to the Ordinance, the installments due in May, June and July may be paid in August, October and December, respectively, only with the incidence […]
On May 7, 2020, the State of Rio de Janeiro published Law no. 8,804/20, which granted ITD exemption on donations intended to combat the pandemic caused by COVID-19. According to the new legislation, the following transactions are exempt from the Tax: a) Cash donations to the State Health Fund, even if they exceed the amount […]
As another measure to prevent the coronavirus spread, the State of São Paulo enacted Decree 64,959/2020, which requires the use of facial protectors inside business that develop essential activities. The measure is effective as of May 7, 2020 and its violation may result in penalties provided in the same legislation. The Decree determines that the […]
In the middle of April, the Legislative Assembly of the State of São Paulo started analysing the Bill of Law No. 250/20, which proposes relevant changes in the Transfer and Gift Tax (“ITCMD”) legislation. The ITCMD is a State tax due over gifts and inheritances. In São Paulo, the legislation currently in force provides that ITCMD […]
A reminder that according to Resolution No. 3844, of March 23, 2010, of the Brazilian National Monetary Council, and Circular No. 3814, of December 7, 2016, of the Central Bank of Brazil, companies that receive foreign investment and have assets or net equity equal to or greater than BRL 250,000,000.00 (two hundred fifty million Reais) must submit their financial […]
Four months after the publication of State Law no. 8.645/19, which replaced the “Fundo Estadual de Equilíbrio Fiscal” (FEEF) with the “Fundo Orçamentário Temporário” (FOT), the state of Rio de Janeiro has issued State Decree 47.057/20, which obligates Rio de Janeiro’s taxpayers to deposit the amounts calculated based on their tax benefits. With the exception […]
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