In brief On October 3, 2024, Provisional Measure No. 1,262/24 (MP) and Normative Instruction RFB No. 2,228/24 (IN) were published to align Brazilian tax legislation with the OECD’s GloBE Rules and establish an effective minimum taxation of 15% through an additional Social Contribution on Net Profit (CSLL). More details The MP and the IN establish […]
In summary The Genetic Heritage Management Council (CGEN) has approved the structure of the methodological process for determining the acquisition of distinctive characteristics in Brazil by spontaneous populations of plant and animal species introduced into national territory and used in agricultural activities. More details On October 1, 2024, the Genetic Heritage Management Council published CGEN […]
In summary Federal Decree No. 12,189/2024 was published on September 20, bringing changes to environmental infractions and administrative sanctions. Stricter penalties are provided, especially in relation to deforestation and forest fires, especially in preservation areas and indigenous lands. Also, a new administrative infraction was included by the Decree in which it is stipulated that failure […]
In summary Please be advised that, on September 30 2024, 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 2025.FAP is a multiplication factor (that varies from 0,5 to 2,0 points) applied upon […]
In summary On September 16, 2024, Law No. 14,973/2024 was published, which (i) allows individuals and companies to update the value of real estate properties to market value, as well as (ii) establishes the Special Tax Regularization Regime (“RERCT-Geral” or “amnesty”) for the declaration of undeclared assets or assets declared with omissions/incorrect information by individuals […]
In summary On September 16, 2024, Law No. 14,973/2024 was published, establishing a transitional regime for the payroll tax relief (replacement of the Social Security Contribution on the payroll by the Social Security Contribution on Gross Revenue – CPRB), in articles 7 and 8 of Law No. 12,546/2011, until 12/2027. More details At the end […]
In summary Decree No. 48,893 of September 11, 2024 provides for the Free, Prior and Informed Consultation – FPIC referred to in Article 6 of Convention No. 169 of the International Labor Organization – ILO concerning Indigenous and Tribal Peoples. More details The regulatory decree establishes that environmental licensing carried out within the state that affects indigenous […]
In brief On August 27, 2024, the Brazilian National Consumer Secretariat (SENACON, in Portuguese) published Ordinance No. 44/2024, setting out strategies to guarantee consumer health protection at concerts, festivals and large-scale events during periods of high temperature. In more detail The recent SENACON Ordinance, considering the presence of high temperatures in recent years in Brazil, […]
In brief On August 28th, the Special Secretariat of the Federal Revenue Service (“SRFB”) presented the first drafts of the Normative Instructions (“INs”) that will regulate the new Brazilian Transfer Pricing Law (No. 14.596/2023), more specifically transactions with intra-group services (Annex I of the Consultation) and the Unilateral Advance Pricing Agreement (APA), concluded under the […]
