B3’s New Regulation of the New Market
On October 3, B3 S.A. – Brasil, Bolsa, Balcão (stock exchange) published the new Regulation of the New
Tipo: Legal Letter
ICMS Agreement No. 106 and Transactions with Digital Goods and Merchandise
ICMS Agreement No. 106 was published on the Official Gazette of October 5, 2017, to provide for the
Brazil increases tax benefits for the Oil & Gas sector
The federal government has amended the customs and tax treatment applicable to the oil and gas sector to
Ministry of Finance announces the new Accident Prevention Factor (FAP) for 2018
Ordinance 419 of the Ministry of Finance, published on September 28, 2017, discloses the new frequency, severity and
Recent Changes in States’ Tax Benefits Related to the ICMS in Brazil
Supplementary Law 160/2017, recently enacted, addresses the so-called tax war between the Brazilian states. 1. The Brazilian Constitution
Taxation of Capital Gains Earned by Non-Residents
Normative Instruction of the Brazilian Federal Revenue Service (“IN RFB”) 1732/17, published in 29/8/17, introduced changes in IN
Programs for the Payment of Debts of the State of São Paulo (PEP) of the ICMS and PPD 2017
1. Decrees 62709/2017 and 62708/2017 were published on the Official Gazette of the State of São Paulo on
CVM Publishes Rule for Equity Crowdfunding
On July 13, 2017, the Security and Exchange Commission of Brazil (“CVM”) published the CVM Instruction No. 588
MP 784: Increase in the value if fines applicable to the infrigement of laws related to foreign capital and currency exchange
1. On June 8, 2017, Provisional Measure 784 (“MP 784”) was published to govern the instruments of supervision
Levy of IRRF and CIDE on the remuneration of Software as a Service (SAAS)
The Brazilian Federal Revenue Service (RFB) has issued an unprecedented ruling regarding the levy of the withholding income