Guarnera Advogados supports Prima Sole Components in the acquisition of the brazilian operations of Batz Group


An articulated negotiation, which provided for the signing in December 2019, allowed the Italian Group PSC, a leader in the production of automotive components and with revenues of more than Euros 700 million in 2019, to consolidate its position in the Brazilian automotive market.Guarnera Advogados, an Italian-Brazilian international law firm, supported the Italian automotive company Prima Sole Components (PSC) in the...

Italian normative ruling validates fiscal benefits for those who transfer their fiscal residence to the Country.


In a normative ruling of July/19, Italian Government confirmed the prediction of fiscal benefits for a series of natural person that transfer their fiscal residence to the Country.   Among the beneficiaries, there are Italian docents and researchers that are currently living abroad, even though they are not registered on AIRE. For this group, the reduction of income tax calculation basis can reach 90%...

Those who perform operations with crypto actives must inform Brazilian Federal Revenue Service


From August, 1st onwards, individuals, legal entities and brokerage firms that carry out purchase and sale of crypto actives must provide information to Brazilian Federal Revenue about performed operations. Crypto is any virtual currency traded electronically using encryption, as well as distributed registers technologies. Declarations will be required from:1)      National Exchanges, thus...

Brazilian Federal Revenue modifies companies’ qualification deadline in Integrated Foreign Trade System (SISCOMEX)


On the last Jun 16th came into force the Normative Ruling RFP nº 1893/2019 that establish relevant newness for companies qualified in Siscomex. Pursuant to the new Normative, the validity of the qualification on the Radar will be only 6 months long, counted from the last import or export operation registered on Federal Revenue system, since it had been performed with foreign exchange cover. That means that...

New Regulation on Income Tax introduces important changes in the taxation of inheritance and donation to non-residents


The New Regulation on Income Tax was published in 22.11.2018 (Decree 9.580/2018) and entered into force on the same date.At first, from a general reading of its more than a thousand articles, this regulation was considered a consolidation of the regulations, with the updating of concepts and the regulation of fiscal nature’s topics that, during the last years, were treated by specific regulations.After the holiday...