Legal alerts

In brief The Brazilian Secretariat of Foreign Trade (known by its acronym, “SECEX“) issued on 8 March a new ordinance that renders the assessment of public interest (“API“) an optional proceeding in original dumping and subsidy investigations. According to the previous regulation, the API was mandatory in such original investigations, and thus initiated ex officio bythe Brazilian Department of Trade Defense […]

In brief Last Friday, March 3, Brazil issued two new decrees regarding the organizational structure and attributions of the Foreign Trade Chamber – CAMEX and the Ministry of Development, Industry and Foreign Trade – MDIC. These are the two main bodies responsible for, among others, defining Brazil’s foreign trade policies, including the application of trade […]

A reminder that due to the New Exchange Regulation only companies that receive foreign investments with total assets equal to or greater than R$ 300,000,000.00 (three hundred million reais) must comply with the Declaration of Economic and Financial Information by submitting their financial data, until the end of March, related to the base date of December 31, […]

On Monday (02/27), the National Data Protection Authority (ANPD) published the Regulation on the Calculation and Application of Administrative Sanctions (Resolution CD/ANPD No. 4 of February 24, 2023), which aims to determine the methodology to be followed for the enforcement of the penalties provided for by Article 52 of the General Data Protection Law (Law […]

In brief On February 24th, 2022, Normative Ruling RFB No. 2,132 (“IN”) was enacted, to regulate the taxpayer’s option for the early application, in calendar year 2023, of the new transfer pricing rules (“TP”) and royalty deductions provided for in Provisional Measure No. 1,152/2022 (“MP”). The IN reaffirmed the irrevocable nature of the option and […]

In brief State Decree n. 48.354/2023 was published earlier this month (3 February 2023) establishing the general regulations for the reverse logistics system in the state of Rio de Janeiro. In summary, this decree establishes the obligations and rules for structuring and implementing reverse logistics systems for the products it specifies. More details The Decree […]

In brief  Brazilian taxpayers can already submit their Declaration of Foreign Assets to Brazilian Central Bank (the so called “DCBE”), which is due on April 5, 2023 (until 6pm). The late filing of the declaration, as well the filing error or failure to deliver the declaration, may give rise to application of penalties to the declarant […]

In short On February 14, the Office of the Comptroller General (CGU) published the Normative Ordinance No. 54, which establishes new guidelines about the steps of the Administrative Liability Proceedings (PARs), preliminary investigations and judgments-in-advance, defining attributions to the new Secretary of Private Integrity. Also, new requirements were inserted for the rehabilitation of companies punished […]

In brief Two new regulations were published on 13 February 2023. The regulations, which directly impact the business sector, are the following: (i) Federal Decree No. 11,413/2023, which established three new reverse logistics credit certificates at the federal level: the Reverse Logistics Recycling Credit Certificate (CCRLR), the Certificate of Structuring and Recycling of Packaging in […]