On May 10, the Brazilian Federal Senate approved Bill of Law No. 8/2023, originated from Provisional Measure No. 1,152/2022, in order to introduce new transfer pricing rules in Brazil. The Senate reproduced the wording of the project previously approved by the Chamber of Representatives entirely, despite the claim of some parliamentarians for the insertion of […]
In brief On April 30th, 2023, Provisional Measure 1.171/23 (“MP” or “MP 1.171/23”) was published, bringing some changes on the taxation of Brazilian tax residents (Individuals), especially regarding: (i) the taxation of financial investments abroad, and (ii) the creation of “anti-deferral” rules for foreign controlled entities owned by Brazilian individuals . In addition for the […]
In brief Law 14,553/23 was published in the Official Gazette of April 24, 2023, amending articles 39 and 49 of Law 12,288/10 (known as the Race Equality Statute) to determine the process and criteria for the collection of information related to ethnical and racial participation in the workplace. In more detail Per the new law, […]
Following the ruling issued on June 8, 2022, which determined that collective terminations require union involvement, Brazil’s Supreme Court has today (April 25, 2023) published a new decision clarifying that such requirement applies to collective terminations implemented after June 14, 2022. The Supreme Court’s precedent states that “prior union intervention is an essential procedural requirement for the […]
In brief Last Wednesday, 19 April, the European Parliament approved a new law that prohibits the importation of commodities originating from the Americas, Asia and Africa that are related to deforested and degraded areas. The main goal is to ban products that have in any way contributed to deforestation from the European market, combatting climate […]
In brief The Rio de Janeiro State Revenue has recently modified its interpretation regarding the collection of the Fund to Fight Against Poverty (“Fundo Estadual de Combate à Pobreza – FECP”) additional over transactions with communication services and power supply. This change impacts taxpayers engaged in the performance of corporate network services, among others. In […]
In brief Per new Normative Rule 2,139, labor lawsuits will only need to be reported in the eSocial system as of July of 2023. In more detail Based on the information based available so far about this matter, it is possible to understand that companies will not be required to include all ongoing labor lawsuits, but […]
In brief Justice Secretary Flavio Dino issued, on 04/12, an ordinance that makes it possible to hold digital platforms accountable for the dissemination of content that promotes violence in schools. In more detail The document sets forth specific obligations to platforms, such as the immediate removal of certain content after a request from the competent […]
In brief On 4 April 2023, the Ministry of Development, Industry, Commerce and Services published Ordinance GM/MDIC No. 69/2023 (“Ordinance“), establishing the Seal of Good Regulatory Practices (“Seal“). This initiative is in line with the best environmental, social and governance (ESG) practices and aims to recognize infralegal normative acts in line with best national and […]
Data Protection Officer