News

In brief On 31 December, 2024 the Public Notice of special settlement agreement No. 24/2024 was published, which provides a new special settlement agreement for tax debts in administrative or judicial litigation related to tax goodwill deductions generated in corporate restructuring within the group itself (internal goodwill) and through a company set up solely to […]

In brief SECEX (the Brazilian Secretariat of International Trade) initiated three antidumping investigations on Chinese exports on December 27: Textured polyester yarn, commonly classified under the NCM codes 5402.33.10, 5402.33.20, and 5402.33.90 (link to the Official Notice of Initiation, in Portuguese); Polyester fabric, commonly classified under the NCM codes 6004.10.31, 6004.10.32, 6004.10.33, 6004.10.34, 6004.90.30, 6006.31.20, […]

In summary On 27 December 2024, Law No. 15,079 (“Law 15,079“) was approved, which establishes in Brazil the global minimum tax of Pillar Two of the Organization for Economic Cooperation and Development (OECD). Law No. 15,079, originating from Bill of Law No. 3,817/2024 (“BL 3,817“), adapts Brazilian tax legislation to the OECD’s Global Rules against […]

In brief On December 16, 2024, the Brazilian Ministry of the Environment and Climate Change (MMA, in Portuguese) issued Ordinance GM/MMA No. 1,250/2024, which regulated and established the procedures for the implementation of the Recycling Industry and Production Chain Incentive mechanism. More details Following the enactment of Federal Law No. 14,260/2021 and its regulation (Federal […]

In brief On 18 December 2024, SECEX (the Brazilian Secretariat of International Trade) initiated an antidumping investigation on Brazilian imports of food-grade phosphoric acid from China, Morocco and Mexico, commonly classified under the NCM code 2809.20.11. Food-grade phosphoric acid is used in a variety of applications, such as: Food and soft drinks industry: used as a clarifier, acidifier, nutrients for yeast and […]

In brief SECEX (the Brazilian Secretariat of International Trade) initiated an antidumping investigation on Brazilian imports of ethanolamines – monoethanolamines and diethanolamines from China on 3 December 2024, commonly classified under the NCM codes 2922.11.00 and 2922.12.00. Ethanolamines are used in a variety of applications, such as: Agrochemical industry: used as a neutralizing agent for anionic emulsifiers and active ingredients used […]

In brief On December 19, 2024, the Brazilian Data Protection Authority (“ANPD”) published the Guidance on the Role of the Person in Charge (“Person in Charge”) (“Guideline“) in addition to Resolution CD/ANPD No. 18, of July 16, 2024, which establishes the regulation on the role of the Person in Charge. The Guideline provides additional guidance on the […]

In brief SECEX (the Brazilian Secretariat of International Trade) initiated, on 11 December 2024, an antidumping investigation on Brazilian imports of unfractionated milk powder, whole or skim, from Argentina and Uruguay, commonly classified under the NCM codes 0402.10.10, 0402.10.90, 0402.21.10, 0402.21.20, 0402.29.10, and 0402.29.20. The original text of the Official Notice of initiation of the investigation (in Portuguese) is available in the following link. Relevance of stakeholder participation Active […]

In summary According to the legal alert previously sent, the Chamber of Deputies approved Bill of Law No. 3,817/24 (BL 3,817/24) on December 17, 2024, which establishes the OECD Pillar Two global minimum tax in Brazil. In less than one day, the Senate approved BL 3.817/24, without changes. The next step is presidential sanction.