In brief The Brazilian Institute of Environment and Natural Resources (IBAMA) opened a public consultation regarding a new normative that regulates the control of corporate emissions and the management of pollutant emission credits for the Vehicle Emission Control Program’s L8 phase (“Proconve L8“). The public consultation is being done in accordance with CONAMA Resolution No. 492/2018, […]
In brief On November 1st, 2022, Normative Instruction (IN) 2,114/2022 was published, bringing provisions on the application of the tax benefit of 0% rate of IRPJ/CSLL and PIS/COFINS, provided in art. 4 of Law 14,148/2021 (Perse Law). The Perse Law established emergency actions for the events industry to compensate for the effects of the Covid-19 […]
In brief On November 3, 2022, the Federal Government issued two Public Consultations on Decrees that intend to establish the take back requirement systems for metal, paper and cardboard packaging, which were published in the Official Gazette. Comments on the decrees should be sent to the Secretariat of Environmental Quality of the Ministry of Environment […]
On June 10, 2022, the Organization for Economic Co-operation and Development (OECD) published the roadmap for the next steps in Brazil’s ascension process to the membership of this international organization. This is a very significant development for Brazilian and multinational companies operating in the country, as it points to possible reforms in important sectors of […]
Trench Rossi Watanabe joined the discussions of the Latin America Climate Summit, event promoted by IETA – International Emissions Trading Association in Rio de Janeiro. The topic of discussion this year was “Where Carbon Markets Meet to Drive Climate Action Forward”. Below are the key takeaways of the discussions: Latin America has a huge potential […]
In brief The Brazilian Securities Commission (“CVM”) published on October 11, 2022 the Guidance Opinion No 40 (“Opinion”), consolidating its understanding of the rules applicable to cryptoassets classified as securities. In a nutshell, the Opinion aims at clarifying the scope of action and the means through which CVM shall exercise its powers to regulate, supervise […]
In brief On October 6, 2022, a federal decree that aims to institute the take back requirement system for plastic packaging was opened for public consultation. Comments on the decree should be sent to the Secretariat of Environmental Quality of the Ministry of Environment through the online platform by November 4, 2022. More Details This […]
In brief On October 10, 2022, the Federal Treasury Department published Ordinance PGFN/ME 8,798, which creates a Program for the taxpayers with certain tax settlement agreements celebrated with the Federal Treasury Department (or that will join until the end of October 2022), and for taxpayers with debts under such department unrecoverable or difficult to recover, […]
Today, the First Chamber of the Superior Court of Justice (“STJ”) concluded the trial of the Special Appeal 511.736/SP about the transfer pricing rules applicable to the resale minus method (“PRL60”) until the enactment of Law 12,715/12, more specifically about the illegality of Normative Ruling 243/02 vis a vis Law 9430/96 in place at that time. The […]
