Legal alerts

Provisional Measure – PM No. 932/2020 – 50% reduction on tax rates applicable for contributions due to Third Parties for 3 months (Covid-19 – “Sistema S”) The legislation determines the levy of Social Security Contributions and Social Contributions due to Third Parties upon the total compensation paid to the employees. In general, the contributions due […]

On March 30, 2020, Provisional Measure No. 931 (“MP 931”) was published, which amends provisions of Law No. 10,406, of January 10, 2002, as amended (“Brazilian Civil Code”), of Law No. 6,404, of December 15, 1976, as amended (“Brazilian Corporate Law”) and Law No. 5,764, of December 16, 1971, as amended (“Law 5,764/71”), due to […]

Earlier today, March 27, the president of the Brazilian Central Bank announced an emergency line of credit of 40 billion reais, to assist small and medium size companies with annual invoicing ranging from 360,000 reais to 10,000,000 reais. This measure is issued with the specific purpose of paying the salaries of the employees of these […]

In compliance with human dignity and the right to access fuel and gas supply, the State of Rio de Janeiro has enacted special Decree n° 47.002/2020 authorizing the maintenance of O&G industry onshore activities during the state of public calamity in the State of Rio de Janeiro. Note that despite this authorization, any public gathering to perform […]

On March 23, 2020, the Provisional Measure (PM). No. 928, was enacted in the Official Gazette. The PM amends the Federal Law No. 13979 published on February 6, 2020, which provides for measures to deal with the public health emergency resulting from the calamity caused by the coronavirus. (Covid-19) According to MP 928, as long […]

The Brazilian Federal Environmental Protection Agency (IBAMA) published Normative Instruction No. 12, on 26 March 2020, establishing that the deadline to file the Annual Activities Report (RAPP), which is an obligation related to the Federal Registry of Potentially Pollutant Activities that Use Natural Resources (CTF/APP), for the year of 2019, has been extended. The new […]

Due to COVID-19 pandemic, the Brazilian Central Bank decided to postpone the submission deadline for Brazilian Statement of Foreign Assets (the so called “DCBE”), according to Circular 3,995 of 2020. The annual statement, which provides the position of foreign assets as of 12/31/2019, had its deadline extended to 6/1/2020 and the quarterly declaration, which provides […]

The Infrastructure and Environment Protection Office of the State of São Paulo – SIMA published Resolution SIMA No. 24/2020 on March 24, 2020. It consolidates some provisions of Resolution SMA No. 51/2016, which regulates the conversion of fines program. The updates aim at addressing provisions established on Section IV of State Decree No. 64,456/2019, which […]

The Brazilian IRS and the Federal Attorney Office have jointly enacted Ordinance n. 555 extending the validity of the federal tax debt clearance certificates for 90 days. Also, Brazilian IRS has published Ordinance n. 543, setting forth special rules for personal assistance at its offices and adjourning procedural terms and deadlines until the 29th of […]