The Brazilian General Data Protection Law (Law # 13,709/18 – “LGPD”) will be effective as of August 27, 2020*. Today, August 26, the Brazilian Senate rejected the House of Representative’s proposal to extend the LGPD’s effective date to December 31, 2020. The House of Representative’s proposal was included in the Bill of Law that resulted […]
On August 24, 2020, Rio de Janeiro’s legislative branch enacted State Law # 8,983/2020, reinstating the Rio de Janeiro State authority to grant new tax benefits and also validating the ones already granted by the Executive and Legislative branches, provided that duly authorized by the National Finance Policy Council (CONFAZ). The new rule entered into force […]
Federal Government enacted yesterday Decree 10,470, which extends the period for companies to implement actions of the emergency program for maintenance of jobs and income, what was previously addressed through the Executive Order 936/2020 and Law 14,020/2020. Therefore, companies may now implement the reduction of working hours and pay, as well as the suspension of the […]
Arising from Executive Order no. 944/2020, the Law no. 14,043/2020 was approved with amendments by National Congress and sanctioned with vetoes by the President of the Republic. Among the changes to the Program, we highlight: Expansion of scope by increasing the maximum limit of annual gross revenue of companies in 2019 to up to R$ […]
On August 13th, Legislative Bill nº 529/2020 (“Bill 529/20”) was published, proposing changes on the transfer tax (“ITCMD”) legislation in the State of Sao Paulo. The purpose is to equalize the deficit from the negative effects of the COVID-19 pandemic on public revenue and recover part of the State’s investment capacity. The main changes addressed […]
On August 17, the Ministry of Economy published a note on its website announcing the definitive shutdown of the SISCOSERV system. According to the note, the intention is to reduce bureaucracy and facilitate the business environment in Brazil, in line with the recent Economic Freedom Law. Back in June of this year the Government published […]
In the past weeks, different developments occurred in the intellectual property field in Brazil. This e-alert addresses three recent updates that may impact our clients. Federal Government opens public consultation on the National Intellectual Property Strategy (ENPI). On 08/10/2020, the Inter-ministerial Group on Intellectual Property (GIPI), chaired by the Ministry of Economy, launched a public […]
On July 30, 2020, the OECD Secretariat and Brazilian IRS (RFB) launched a survey seeking for public collaboration in the development of safe-harbours and other simplification measures on transfer pricing matters. The survey is part of the joint project developed by OECD and RFB in order to evaluate possible strategies for aligning Brazilian transfer pricing rules […]
Brazil made another important step towards the internalization of the Nagoya Protocol. On 6 August 2020, the Brazilian Senate approved the Protocol, an international agreement supplementary to the Convention on Biological Diversity that creates incentives for the conservation and sustainable use of genetic resources. It strengths the contribution of the biodiversity to the environmental development. […]
Data Protection Officer