On March 10, 2021, the Governor of the State of São Paulo, João Doria, enacted law 17,336/2021, which establishes administrative penalties for public officials who commit acts of corruption and improbity concerning resources and assets meant to fight against pandemics and/or public calamity. According to the new law: 1 – The minimum amount of the […]
In brief The Brazilian Federal Government published on March 10 the (a) Federal Law No. 14,124/2021, for providing for exceptional measures related to the acquisition of vaccines and other services related to Covid-19; and (b) Federal Law No. 14,125/2021, for providing for liability and adverse events of post-vaccination against Covid-19, and for the acquisition and […]
On March 10th, 2021 the Brazilian President sanctioned Law 14.125/2021, authorizing private companies to purchase COVID-19 vaccines approved by the health regulatory agency (ANVISA). All shots must be reverted to the public healthcare system while priority groups are being vaccinated. After that, companies will be able to purchase the vaccines for their own use (distributing […]
In breaf Yesterday the Brazilian Senate approved the final text of the bill of a new public procurement general law, which will substitute Law nº 8,666/1993 (“New Public Procurement Law“). The final document will now be submitted to Brazilian President for signature and/or vetoes. More details As previously reported, Brazilian Senate approved on December, 2020 […]
On March 4th, 2021, State Law No. 9192 of Rio de Janeiro was published, imposing the obligation for suppliers to disclose the original price of the products that are on sale for the consumers. The law establishes that all retail stores must announce the original price of a product to the consumers, once it is […]
Last Wednesday, the Advocacy and Competition Law Secretariat of the Ministry of Economy (“SEAE”) published the Public Consultation no. 02/2021, through which it seeks to receive contributions on potential abusive or excessive actions by federal regulators. The contributions will be used by SEAE to develop a public policy proposal that helps and directs the activities […]
Brazilian taxpayers can already submit their Declaration of Foreign Assets to Brazilian Central Bank (the so called “DCBE”), which is due on April 5, 2021. The declaration shall be filed by individuals or legal entities resident, domiciled or headquartered in Brazil, with foreign assets in the amount equal to or greater than: (i) USD 1.000.000.00 […]
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, […]
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