Through Directive Release No. 2/2021/CVM/SIN, CVM issued guidelines on the minimum elements that must compose the compliance activities and the Compliance Report provided for in arts. 19 to 22 of CVM Instruction No. 558 (“ICVM”). The purpose of the document is to present to securities portfolio manager registered with CVM the topics that must be […]
In brief On February 24, 2021, the Brazilian Supreme Court (“STF”) finalized the trial of Direct Unconstitutionality Actions 1,495 and 5,659 that addressed whether software related transactions should be taxed by ISS (Municipal Service Tax) or ICMS (VAT State Tax). By majority of votes, STF decided for the exclusive levy of ISS over such transactions, […]
In brief On February 23, 2021, Federal Decree No. 10,634/2021 was published, which regulates the disclosure of automotive fuel prices to consumers. The Decree establishes obligations that must be observed by the fuel retailers in relation to the content, form and type of information that must be available to consumers regarding the prices, discounts and […]
In brief On February 2021, the Brazilian Federal Government published the Decree No. 10.623/2021, which institutes a program for National Parks’ “adoption”. The main goal of the program is to promote the conservation, recovery and improvement of federal protected areas, through the participation and collection of investments from individuals and private entities, nationally and internationally. […]
New Special Payment Program (“PEP”), as governed by Decree# 47.488, of February 12, 2021 On February 17, 2021, the State of Rio de Janeiro Governor enacted Decree # 47,488/21, launching a new Amnestry Program, the Special Payment Program (“PEP”), for the payment of tax debts related to the State VAT tax (“ICMS”), State Donations and […]
In brief On February 2, 2021, CETESB’s Board Decision No. 008/2021/P was published. In summary, it releases from environmental licensing or any other declaration from CETESB locals or places of delivery; collection points; sorting center; and reception center, except stations and reception centers for the packaging of pesticides, lubricating oil (including packaging and automotive filters); […]
A reminder that until the end of March (March 31, 2021) is the legal term for companies that receive foreign investment to comply with the Declaration of Economic and Financial Information by submitting their financial data, related to the base-date of December 31, 2020, in the Central Bank’s System, as per Resolution No. 3,844, of […]
In brief On January 15, 2021, the Federal Government made available on its website (https://www.gov.br/mma/pt-br/assuntos/agendaambientalurbana/ProgramaNacionaldeRecuperaodereasContaminadas.pdf) the National Program for the Recovery of Contaminated Areas, object of Ordinance MMA No. 603/2020. In summary, the program seeks to expand and consolidate data and information on key issues for the management of contaminated areas in Brazil. Comments Despite […]
Transparency International released this week’s Corruption Perception Index (CPI) for 2020, which presents the perception of market professionals and specialists, from numerous countries, on corruption in the public sector. The index is one of the risk factors considered by companies when making decisions involving business investments. The index is measured from 0 to 100, with […]
