The President of Brazil enacted, with vetoes, Law No. 14,182, which was initially submitted from Provisional Measure No. 1,031. Law 14,182 provides for the privatization of Eletrobras (Centrais Elétricas Brasileiras S.A.) and establishes criteria and conditions for its implementation. Eletrobras is Brazil’s largest power generation and transmission company, but has been reducing its investment capacity […]
The House of Representatives approved on July 6, by 425 votes in favor and 15 against, the Bill originally presented by Senator Paulo Paim (Labor Party). The Bill regulates compulsory licensing for patents and applications in cases of declaration of national or international emergency, public interest or public calamity. The project was highly influenced by […]
Please be informed that as of July 1st, at 6pm until August 16th, 2021, the deadline for the submission of the Census on Foreign Capitals in Brazil (Census) to the Brazilian Central Bank (BACEN) begins. 1. Who must declare to the Census: 1.1. Companies headquartered in Brazil that, on December 31st, 2020, had direct investment […]
Briefly On 2 July 2021, Federal Law No. 14.181/2021, known as the Over-indebtedness Law was sanctioned. The law updates the Consumer Defense Code (Federal Law No. 8.078/1990 (CDC)) and the Senior Citizens’ Statute (Federal Law No. 10.741/2003). After 10 years of discussion, this new law creates rules for the prevention, treatment and settlements in over-indebtedness, […]
In brief In November 2021, the city of Glasgow in Scotland will host the 26th United Nations Climate Change Conference. In Brazil, the Commission of Foreign Affairs and National Defense (CREDN) held a public hearing on 21 June to discuss the projects that Brazil will present at COP26. after members of the Congress Camilo Capiberibe, […]
In brief On July 02, 2021, the Municipality of São Paulo published Decree No. 60,357/21, regulating the Special Program for taxpayers, set forth for the taxpayers to pay certain tax and non-tax debts regulated by the Municipality of São Paulo, with reductions on interest and penalties applied by the municipality authorities on tax triggering events […]
In brief On June 25th, the Brazilian Federal Government presented to the National Congress the second phase of the tax reform, which focuses on the Income Tax of Individuals and Legal Entities and on the Social Contribution on Net Profit. The reporting deputy appointed by the House of Representatives on June 28 was Congressman Celso […]
A reminder that until the end of June (June 30, 2021) is the legal term for companies that receive foreign investment that have Assets or Equity exceeding two hundred and fifty million reais (R$250,000,000.00) to comply with the Declaration of Economic and Financial Information by submitting their financial data, related to the base-date of March […]
On June 7, 2021, was published the Supplementary Law No. 191/2021, which internalizes ICMS Agreement (Convênio) 72/2021 and amends Supplementary Law No. 189/2020 to extend until August 31, 2021, the possibility for Rio de Janeiro taxpayers to enroll into the Special Program for Payment in Installment of Tax Credits (PEP-ICMS). The referred Amnesty Program allows […]
