Summary On 10 April 2024, Decree No. 63,341/2024 was published. This decree regulates the Incentive Installment Program (PPI 2024), created by the São Paulo City Hall, which allows for the settlement of tax or nontax debts with reduced fines and interest. More details Below is a summary of the benefits of the PPI 2024 in […]
In brief On March 20, 2024, IBAMA published Ordinance No. 30/2024, which established the correspondence between IBAMA’s environmental licensing typologies and the descriptions in the Federal Technical Registry of Potentially Polluting Activities and Users of Environmental Resources (“CTF/APP” in Portuguese). The Ordinance, which aims to facilitate the inspection and control of activities, as well as […]
In brief IBAMA established a new way of calculating the Environmental Control and Inspection Fee (TCFA) and, as of the first quarter of 2024, the economic size to be declared by subsidiaries will be the economic size of the parent company and the subsidiary jointly, considering the annual gross income of the legal entity as a whole […]
In brief On 3 April 2024, the Federal Revenue of Brazil (RFB) issued Normative Instruction No. 2184/2024, which regulates the tax transaction provided in Article 14 of Law 14789/2023. This transaction aims to encourage companies to pay IRPJ and CSLL (corporate income taxes), resulting from the exclusion of investment subsidies made in disagreement with Article […]
In brief SECEX (the Brazilian Secretariat of Foreign Trade) opened on 21 March 2024 a new antidumping investigation against Brazilian imports of polyester staple fiber (PSF), from China, India, Vietnam, Malaysia and Thailand, commonly classified under the NCM code 5503.20.90. Polyester Staple Fibers (PSF) are widely used in the textile industry to produce a variety of products, such as general […]
Summary On March 19th, 2024, Municipal Law No. 10,095/2024 was published, establishing the Incentive Installment Program (PPI) in the City of São Paulo. This program allows for the settlement of tax or non-tax debts with reduced fines and interest. The PPI is pending regulations to take effect. The law also includes changes to legislation in […]
In brief On March 13th, 2024, the Brazilian IRS published Normative Instruction 2.180/24 (“IN 2.180/24”), which provides for the taxation of income earned by individuals resident in Brazil from non-interest-bearing deposits abroad, foreign currency held in kind, financial investments, controlled entities and trusts abroad, as well as the option to update the value of assets […]
In brief On 03/19/2024, the Public Notice of special settlement agreement No.1/2024 was published, which provides for the opening of the Zero Litigation Program 2024, a new special settlement agreement for tax debts in administrative litigation within the scope of the IRS of Brazil, the value of which, per litigation, is up to R$ 50,000,000.00. […]
In brief Last Friday (March 15th, 2024), the release of the Wage Transparency Report for companies with 100 or more employees caused distress. This is because it was available for the general public, in opposition to the guidelines provided by the Ministry of Labor. The Ministry of Labor informed that the Reports were not released […]
