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Law No. 14,596/2023 was published on June 15, 2023, as a conversion of Provisional Measure (MP) 1,142, of December 29, 2022, which determines the new transfer pricing rules in line with the standards of the Organization for Economic Cooperation and Dev …

TAX ALERT: Law No. 14,596/2023 – New legal framework for transfer pricing in Brazil Leia mais »

The Brazilian tax authorities have modified their understanding regarding the levy of the Program of Social Integration Tax Import (“PIS-Import”) and Contribution for the Financing of Social Security Import (“COFINS-Import”) on international remittance …

Brazilian tax authorities (“RFB”) changed their interpretation regarding the levy of PIS and COFINS-Import on international remittances for software licensing fees Leia mais »

Provisional Measure (MP) 1,142 was published on December 29, 2022, and, after several proposals for amendments to the original text, the MP had its final wording approved unanimously on May 10, 2023, by the Federal Senate through the Bill of Law 8/2023 …

Brazilian transfer pricing legislation is about to converge to OECD standards: Conversion of Provisional Measure 1,142 into Bill of Law 8/23 Leia mais »

General and corporate aspects The Complementary Law 182/2021 (“CL 182”) was created with the aim of promoting the competitiveness and internationalization of Brazilian companies as well as the attraction of foreign investments. CL 182 defined important …

Legal Framework for Startups Highlights of Complementary Law 182/2021 Leia mais »

From 1 July 2021, Brazilian companies may start to electronically submit with the Central Bank of Brazil (“Bacen“) the 2021 Declaration on the Quinquennial Census of Foreign Capital regarding the year 2020. Who shall submit the Quinquennial Census: leg …

Quinquennal Census Brazilian Central Bank Leia mais »

The long-awaited phase 2 of the Brazilian tax reform was presented by the Brazil finance minister Paulo Guedes on June 25, 2021. While the phase 1 of the tax reform was focused on indirect taxation at the Federal, State and Municipal levels, this second phase is now focused on corporate and individual income taxation.

The world is experiencing a pandemic situation with the new Coronavirus (Covid-19), which has been recognized by the World Health Organization (WHO) since March 11, 2020. In Brazil, just a few months after the first case was confirmed, thousands of oth …

COVID-19 and its impacts in the workplace Leia mais »

In February of this year, the Government adopted important measures through the Normative Instructions (IN) 10/2020 allowing foreign companies, without local presence in Brazil, to register in the SICAF system (Sistema de Cadastramento Unificado de For …

Public Bids – Highlight – Normative Instructions 38/2020: The Brazilian Government postponed until August 1, 2020 the possibility for foreign companies to enter the SICAF system without the prior necessity to have legal representation in Brazil Leia mais »

LABOR LAW Supreme Federal Court analyzes Provisional Measure 927 (labor measures to deal with the Covid-19 crisis) By majority of the court, the following articles of the Provisional Measure (PM) 927, which enacted labor measures to deal with the state …

Latest news about the Impact of Coronavirus on Businesses in Brazil – May, 2020 Leia mais »

6 April 2020 General situation: As of 6 April 2020, around 11,516 Brazilians and Brazil residents have been infected with the Coronavirus, including 506 casualties. On 30 March 2020, 4,371 Brazilians and Brazil residents were infected and 141 had died …

Consolidated Legal Update on Coronavirus in Brazil Leia mais »