1 – Scope of Law n.º 14,789/2023 Law n.º 14,789/2023 revoked, as of January 1st, 2024, the existing legal provisions relating to (i) the exclusion of investment subsidies from the IRPJ and CSLL (corporate income taxes) basis, and (ii) the non-levy of PIS/COFINS (turnover contributions) on these subsidies The Law instituted a new “Tax Credit” […]
In brief On December 29, 2023 relevant tax legislation was published: Complementary Law No. 204/2023 (“LC 204/23”), result of the President’s approval with veto of Complementary Law Project No. 116/2023, issued to adjust LC 87/1996 to the Federal Supreme Court decision rendered in ADC 49, which recognized the unconstitutionality of the levy of ICMS on […]
In brief On December 27, 2023, new decrees of Brazil’s President were published nominating the four new commissioners to CADE’s Administrative Tribunal: Camila Cabral Pires Alves, Carlos Jacques Vieira Gomes, Diogo Thomson de Andrade and José Levi Mello de Amaral Júnior. According to an order published on December 28, Diogo Thomson de Andrade already took […]
On December 21, 2023, the Brazilian House of Representatives approved the new text of Bill 2.148/15 (PL), which aims to create the Brazilian Greenhouse Gas Emissions Trading System (SBCE), i.e. the regulated carbon market in Brazil. The text will still be sent to the Brazilian Federal Senate and could return to the House of Representatives […]
In summary On December 16, 2023, the House of Representatives approved the bill of the Tax Reform, based on PEC 45 (Constitutional Amendment), in the final round after the Senate’s approval. See below a summary of the matters that were included by the Senate, but were excluded by the House of Representatives from the final […]
In brief On December 14, 2023 (Thursday), the Congress overruled some of the presidential vetoes on Law no. 14,689/2023, with the purpose of disciplining the proclamation of judgment results in the event of a tie vote within the scope of the Administrative Council of Tax Appeals (CARF), among other measures connected to tax litigation and […]
In brief Through the Official Gazette of the Union of December 11, 2023, Brazilian National Health Surveillance Agency (ANVISA) published RDC No. 831, signed on December 6, 2023, which establishes requirements for medicine labels and specifically aims to allow skinny labeling in Brazil. In more detail RDC No. 831 comes from the Public Consultation (CP […]
In brief BPTO informed, on December 12, 2023, that the distribution of patent applications for technical examination, and the consequent carrying out of the examination, will now be ordered by the date of the examination request, and no longer by the date of filing. This strategic change aims to optimize the national processing of patent […]
In brief On December 12, 2023, the President Luiz Inácio Lula da Silva sanctioned with only one veto the Law 14,754 of 2023, proceeding from Bill of Law 4,173 of 2023 (“PL”), which provides for the taxation of income earned by Brazilian individuals in financial investments, controlled entities and Trusts abroad, as well as the […]
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