The Rio de Janeiro State enacted yesterday State Law # 8,926/2020, prohibiting the creation of ICMS (state VAT) tax incentives through infralegal rules (e.g. executive branch decrees or state treasury office resolutions). State Law # 8,926/2020 states that ICMS tax incentives must be created through acts originated from the Legislative Branch (e.g. a law on […]
On 8 July 2020, the Chamber of Deputies approved the Nagoya Protocol, an international agreement supplementary to the Convention on Biological Diversity that creates incentives for the conservation and sustainable use of genetic resources. It strengths the contribution of the biodiversity to the environmental development. Now, the Senate will analyze to approve the bill. The […]
On July 8, 2020, Federal Decree No. 10417/2020 was enacted creating the National Consumer Protection Council. The new Council will be formed by members of several agencies, including the National Consumer Secretariat (“SENACON”), the Ministry of Economy, the Administrative Council for Economic Defense (“CADE”), the Central Bank, and also representatives of the “National Consumer Protection […]
E-Alert::: Trabalhista | Conversão em Lei da MP936 President Bolsonaro just approved Law 14,020/00, of July 6, 2020, which institutes the emergency program for maintenance of jobs and income, what was previously addressed through the Executive Order 936. As the current main incentive to the preservation of jobs and income in Brazil, this new […]
On July 1, 2020, the Rio de Janeiro State published State Law # 8,922/2020, granting ICMS exemption on energy transactions under the power set-off system, grounded by Suplementary Law # 160/2017, Convênio ICMS # 16/2015 and Convênio ICMS # 190/2017. The exemption is granted on internal transactions with power supplied by distributors to individuals or […]
The Rio de Janeiro State published, on July 3rd, 2020, SEFAZ-RJ Resolution # 153/2020, governing the adherence to Repetro-SPED special tax regime for the purposes of Law # 8,890/2020. Rio de Janeiro ICMS Taxpayers willing to join the tax regime in question must complete and submit the “notice of adherence” (“termo de comunicação“), available […]
Ordinance No. 288/2020 from the Ministry of Environment (“MMA”) was published earlier this Friday (3 July 2020) on the Federal Official Gazette, creating the Payment for Environmental Services National Program, named “Forest + Program”. The goal of the Program is to encourage the creation of a private market of payment for environmental services, in order […]
Decree No. 10,414/2020 was published today, extending the Financial Transactions Tax (“IOF”) rate to zero on credit transactions for another three months. The IOF is generally levied on credit transactions by applying a daily rate (defined according to the nature of the borrower – legal entity or individual), limited in some modalities, plus an additional […]
Data Protection Officer