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 […]
In brief On 1th February 2023, State Decree No. 112/2023[1] was published, establishing the take-back requirements system for packaging in the state of Mato Grosso. The decree is the first specific regulation on the subject in the state of Mato Grosso, regulating the state policy for solid waste (Law No. 7,862/2002) in this regard. More details […]
In short On January 31, Transparency International released the 2022 – Corruption Perception Index, an indicator published annually that evaluates the perception of integrity in 180 countries around the world, assigning scores from 0 to 100. The publication shows Brazil, that in the 2021 edition held the 96th position, holding the 94th position. Despite arising […]
In brief The Brazilian Federal Revenue Service’s Normative Instruction (“IN”) No. 2119, published on December 6, 2022 (“IN 2119”), amended the provisions on the requirements to the General Taxpayer´s Registry (“CNPJ”) under the Brazilian Federal Revenue Service, as well as the provisions related to the Disclosure of Ultimate Beneficial Owner (“UBO”) with the Federal Revenue Service. […]
In brief On 17 January 2023, State Decree nº 16,089/2023[1] was published, establishing and updating the take-back requirements system for packaging in the state of Mato Grosso do Sul. In summary, the decree becomes the new regulatory standard on the take-back requirements system for packaging in the state. More details Decree No. 16,089/2023 updates and establishes […]
