In summary Please be advised that, on September 30 2024, the Social Security Department website released on the Internet the new “Accident Prevention Factor” (“FAP”) rate for each company, which will have a direct impact on company’s payroll social contributions for the year 2025.FAP is a multiplication factor (that varies from 0,5 to 2,0 points) applied upon […]
In summary On September 16, 2024, Law No. 14,973/2024 was published, which (i) allows individuals and companies to update the value of real estate properties to market value, as well as (ii) establishes the Special Tax Regularization Regime (“RERCT-Geral” or “amnesty”) for the declaration of undeclared assets or assets declared with omissions/incorrect information by individuals […]
In brief SECEX (the Brazilian Secretariat of International Trade) initiated a new antidumping investigation against Brazilian imports of pre-painted steels from China and India on 19 September 2024. The products are commonly classified under NCM codes 7210.70.10, 7210.70.20, 7212.40.10, 7212.40.21 and 7212.40.29. Pre-painted steels are used for civil construction, automotive industry, white goods, packaging and […]
In summary On September 16, 2024, Law No. 14,973/2024 was published, establishing a transitional regime for the payroll tax relief (replacement of the Social Security Contribution on the payroll by the Social Security Contribution on Gross Revenue – CPRB), in articles 7 and 8 of Law No. 12,546/2011, until 12/2027. More details At the end […]
In summary Decree No. 48,893 of September 11, 2024 provides for the Free, Prior and Informed Consultation – FPIC referred to in Article 6 of Convention No. 169 of the International Labor Organization – ILO concerning Indigenous and Tribal Peoples. More details The regulatory decree establishes that environmental licensing carried out within the state that affects indigenous […]
In brief On August 27, 2024, the Brazilian National Consumer Secretariat (SENACON, in Portuguese) published Ordinance No. 44/2024, setting out strategies to guarantee consumer health protection at concerts, festivals and large-scale events during periods of high temperature. In more detail The recent SENACON Ordinance, considering the presence of high temperatures in recent years in Brazil, […]
In brief SECEX (the Brazilian Secretariat of International Trade) initiated two antidumping investigations into the imports of steel products from China. On 29 August, the sunset review of antidumping duties in force of seamless carbon steel tubes (pipelines), classified under the NCM code 7304.19.00, from China, was initiated. The original text of the Official Notice […]
In brief On August 28th, the Special Secretariat of the Federal Revenue Service (“SRFB”) presented the first drafts of the Normative Instructions (“INs”) that will regulate the new Brazilian Transfer Pricing Law (No. 14.596/2023), more specifically transactions with intra-group services (Annex I of the Consultation) and the Unilateral Advance Pricing Agreement (APA), concluded under the […]
In brief SECEX (the Brazilian Secretariat of International Trade) initiated a new antidumping investigation against Brazilian imports of hypodermic needles from China on 28 August 2024. The products are commonly classified under the NCM code 9018.32.19. Hypodermic needles are medical devices used for intramuscular, intravenous, subcutaneous, and intradermal access, for the infusion of medicines and extraction of bodily fluids. […]
