In a nutshell On October 4, 2024, the Federal Attorney General’s Office (AGU) published Normative Ordinance No. 150/2024, which regulates the extraordinary transaction in the collection of non-tax active debts of federal public entities and foundations, provided for in Article 22 of Law No. 14,973, of September 16, 2024, through adherence to the “Desenrola Program”. […]
In brief The Ministry of Finance (“MF”) issued a new regulation (Ordinance No. 1,475/2024), reducing the adjustment period for companies that operate fixed-odds lottery betting nationwide. Legal entities without MF’s authorization and/or that did not apply for authorization by September 30, 2024 are not allowed to operate since October 1, 2024, and this impacts application providers […]
In brief On October 3, 2024, Provisional Measure No. 1,262/24 (MP) and Normative Instruction RFB No. 2,228/24 (IN) were published to align Brazilian tax legislation with the OECD’s GloBE Rules and establish an effective minimum taxation of 15% through an additional Social Contribution on Net Profit (CSLL). More details The MP and the IN establish […]
In summary The Genetic Heritage Management Council (CGEN) has approved the structure of the methodological process for determining the acquisition of distinctive characteristics in Brazil by spontaneous populations of plant and animal species introduced into national territory and used in agricultural activities. More details On October 1, 2024, the Genetic Heritage Management Council published CGEN […]
In summary Federal Decree No. 12,189/2024 was published on September 20, bringing changes to environmental infractions and administrative sanctions. Stricter penalties are provided, especially in relation to deforestation and forest fires, especially in preservation areas and indigenous lands. Also, a new administrative infraction was included by the Decree in which it is stipulated that failure […]
In summary Please be advised that, on September 30 2024, the Social Security Department website released on the Internet the new “Accident Prevention Factor” (“FAP”) rate for each company, which will have a direct impact on company’s payroll social contributions for the year 2025.FAP is a multiplication factor (that varies from 0,5 to 2,0 points) applied upon […]
In summary On September 16, 2024, Law No. 14,973/2024 was published, which (i) allows individuals and companies to update the value of real estate properties to market value, as well as (ii) establishes the Special Tax Regularization Regime (“RERCT-Geral” or “amnesty”) for the declaration of undeclared assets or assets declared with omissions/incorrect information by individuals […]
In summary On September 16, 2024, Law No. 14,973/2024 was published, establishing a transitional regime for the payroll tax relief (replacement of the Social Security Contribution on the payroll by the Social Security Contribution on Gross Revenue – CPRB), in articles 7 and 8 of Law No. 12,546/2011, until 12/2027. More details At the end […]
In summary Decree No. 48,893 of September 11, 2024 provides for the Free, Prior and Informed Consultation – FPIC referred to in Article 6 of Convention No. 169 of the International Labor Organization – ILO concerning Indigenous and Tribal Peoples. More details The regulatory decree establishes that environmental licensing carried out within the state that affects indigenous […]
