News

On 09/01/2021 overnight, the Plenary of the Chamber of Deputies voted and approved Bill of Law 2,337/2021, which relates to the tax reform of the Income Tax and the Social Contribution on Net Profits. The approved Bill of Law was the replacement one presented by Rapporteur Celso Sabino (PSDB-PA). However, it cannot yet be considered […]

In brief On 08/12/2021, Congressman Celso Sabino (PSDB-PA), the rapporteur of the Brazilian Income Tax reform Bill of Law (PL 2,337/2021), officially presented changes to the original bill proposed by the Federal Government. The Bill of Law published on 12/08/2021 (which includes the changes made by Celso Sabino) replaces the original bill. Although this is, […]

Last Tuesday (08/03/2021), Congressman Celso Sabino (PSDB-PA) submitted an amendment to Bill of Law # 2,337/2021 (2nd phase of Tax Reform), putting forward a 1.5% increase in the Financial Compensation for the Exploration of Mineral Resources (“Compensação Financeira pela Exploração de Recursos Minerais” – CFEM) rate on iron, cooper, bauxite, gold, manganese, kaolin and nickel […]

On July 27, 2021, the Federal Government created the System of Public Integrity of the Federal Executive Branch (“Sipef”), through a presidential decree issued by President Jair Bolsonaro. Sipef will coordinate and articulate the activities related to public integrity in the federal executive branch, in addition to establishing standards for integrity measures adopted by agencies […]

Last Tuesday (July 27, 2021), the National Petroleum, Natural Gas and Biofuels Agency – ANP published the tender protocol and the form of the concession agreement for the 17th Bidding Round of oil and gas exploration and production blocks. The public session for submission of bids is scheduled to occur on October 7, 2021, and […]

In brief The Brazilian House of Representatives approved, last Wednesday (07/14/2021), the Proposed Bill No. 5516/2016 (“PB 5516/2019”) authored by senator Rodrigo Pacheco (DEM-MG), which institutes the Soccer Team Companies (“STC”). The Proposed Bill, which had as rapporteur in the House of Representatives, deputy Fred Costa (Patriota-MG), institutes the so-called team-company in Brazil, a model […]

The President of Brazil enacted, with vetoes, Law No. 14,182, which was initially submitted from Provisional Measure No. 1,031. Law 14,182 provides for the privatization of Eletrobras (Centrais Elétricas Brasileiras S.A.) and establishes criteria and conditions for its implementation. Eletrobras is Brazil’s largest power generation and transmission company, but has been reducing its investment capacity […]

The House of Representatives approved on July 6, by 425 votes in favor and 15 against, the Bill originally presented by Senator Paulo Paim (Labor Party). The Bill regulates compulsory licensing for patents and applications in cases of declaration of national or international emergency, public interest or public calamity. The project was highly influenced by […]

Please be informed that as of July 1st, at 6pm until August 16th, 2021, the deadline for the submission of the Census on Foreign Capitals in Brazil (Census) to the Brazilian Central Bank (BACEN) begins. 1. Who must declare to the Census: 1.1. Companies headquartered in Brazil that, on December 31st, 2020, had direct investment […]