On July 7, 2023, the House of Representatives approved the bill of the Tax Reform, based on PEC 45. See below the infographic prepared by our Tax team on the subject. We are closely monitoring the evolution of the legislative process. Currently, it is pending the analysis and vote by the Federal Senate, when changes […]
In brief On July 3rd, 2023, the Brazilian President sanctioned Law n. 14,611/2023, aiming to ensure equal payment for women and men who perform the same activities. The new regulation also creates greater sanctions for employers. In more detail Among other new provisions, the new law amends article 461 of the Labor Code to expressly […]
In brief On July 03, the Special Secretariat of the Federal Revenue (“SRFB”) published the Public Consultation RFB n. 01/2023, along with the first draft of the Normative Ruling (“IN”) that will regulate the new Brazilian transfer pricing system, introduced by Law n. 14.596/2023. Interested parties may make suggestions and contributions regarding any subject matter […]
In brief The Brazilian Secretariat of Foreign Trade (“SECEX“) opened, on 06.22.2023, a new investigation to assess whether the Chinese government granted actionable subsidies to its national producers who exported fiber-optic cables (NCM 8544.70.10) to Brazil. The investigation may result in the imposition of countervailing measures and the consequent increase in the cost of Brazilian imports of […]
In brief SECEX* published on 06.16.2023 an official notice of initiation of a new sunset review investigation against Brazilian imports of grinding balls for mills from India (Circular No. 23, dated of 06.15.2023). The investigated product is mainly used for the grinding of ores in mills. The duties remain in force during the sunset review […]
In brief On June 14, 2023, the Presidential Decree No. 11,563 of June 13, 2023 (Decree No. 11,563/23) was published in the Official Gazette of the Federal Executive, regulating the Federal Law No. 14,478 of December 21, 2022 (Federal Law No. 14,478/23), which consists in the denominated “Legal Framework of Virtual Assets” in Brazil. In […]
In brief On 5 June 2023, Federal Decree Nos. 11,546, 11,547, 11,548, 11,549, and 11,550 were enacted, setting forth provisions related to climate change. More details DecreeNo. 11.550/2023 establishes the Interministerial Committee on Climate Change (CIM). The CIM will be the institutional instrument responsible for defining guidelines and deliberating on the country’s strategies within the scope […]
In brief The Secretariat of Foreign Trade (“SECEX“, in its Portuguese acronym), by means of Circular No. 22, of June 13, 2023, published on June 14, 2023, opened an antidumping sunset review concerning Brazilian imports of welded steel pipes of austenitic stainless steel originated from Malaysia, Thailand, and Vietnam.The duties remain in force throughout the […]
In brief Law No 14,596, originated from Provisional Measure No 1,152/2022, was published this Thursday (06/15/2023) to introduce new transfer pricing rules in Brazil. In more detail The new Law reproduces the wording of Bill of Law No 08/2023 previously approved by the Senate, which means that there were no vetoes and that Law No […]
