A reminder that according to Resolution No. 3844, of March 23, 2010, of the Brazilian National Monetary Council, and Circular No. 3814, of December 7, 2016, of the Central Bank of Brazil, companies that receive foreign investment and have assets or net equity equal to or greater than BRL 250,000,000.00 (two hundred fifty million Reais) must submit their financial […]
Four months after the publication of State Law no. 8.645/19, which replaced the “Fundo Estadual de Equilíbrio Fiscal” (FEEF) with the “Fundo Orçamentário Temporário” (FOT), the state of Rio de Janeiro has issued State Decree 47.057/20, which obligates Rio de Janeiro’s taxpayers to deposit the amounts calculated based on their tax benefits. With the exception […]
On May 4, 2020, the Federal Government enacted Provisional Measure no. 960 authorizing an exceptional 1-year extension for tax payment suspensions granted under the Special Drawback Regime, in which the federal tax authorities had extended payments by one year and which would cease in 2020. The measure has been enacted in the context of COVID-19 […]
On April 30th, 2020, the Federal Supreme Court (STF) ruled unconstitutional State Law No. 10995/2001 of the State of São Paulo. The law disposes about conditions for installing mobile phone antennas. According to STF, the law violates the subsidiarity principle since the Federal Union has the competence to legislate about telecommunications and the National Telecommunications […]
Brazilian President published Provisional Measure # 959 yesterday, April 29, postponing the effective date of the Brazilian General Data Protection Law (Law No. 13,709/18 – “LGPD”). As a result, the new effective date of the Law is May 3, 2021. The Provisional Measure has immediate effects, but it must be reviewed and confirmed by Congress […]
During a video conference session held on April 29, 2020, the plenary of the Supreme Court suspended, by majority of votes, the effectiveness of Article 29 of Executive Order n. 927/20, issued as a response to the coronavirus pandemic. Referred to article provided that potential COVID-19 contamination cases should not be deemed as working diseases, […]
On April 28, 2020 the Administrative Department of the Courts of the State of São Paulo enacted a ruling (“Provimento CG No. 12/2020”), which authorizes and regulates the practice of notary acts by electronic means. In view of the restrictions on activities and travels ordered by governmental authorities seeking to minimize the effects of the […]
The Brazilian Telecommunications Agency (Anatel) has adopted measures to ensure continued telecommunications services, which have been classified as essential services during the Covid-19 pandemic. Accordingly, Anatel has simplified the procedures for certifying telecommunication devices and equipment, and will attempt to issue certificates within 10 days after receiving the request for certification (to the extent no […]
On April 28, 2020, the Brazilian Federal Revenue (“RFB”) published Normative Ruling No. 1,942/2020, modifying and including certain provisions to Normative Ruling No. 1,700/2017, in order to provide some guidelines for the application and calculation of the Social Contribution on Net Profit (“CSLL”), based on specific rates, by financial institutions and development agencies, considering the […]
