News

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

28
Feb
2019

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...

The deadline for the presentation of the Brazilian Capital Declaration abroad The deadline for the presentation of the Brazilian Capital Declaration abroad (DCBE) to the Central Bank of...

26
Feb
2019

The deadline for the presentation of the Brazilian Capital Declaration abroad (DCBE) to the Central Bank of Brazil is already in progress.Last week, it started to run the deadline for the presentation of the Brazilian Capital Declaration abroad that has to be sent through the Central Bank System of Brazil within the 05.04, to all natural and legal persons residing in Brazil that hold assets abroad as of 31.12.2018, for an...

Normative Instruction 1870/19, published on January 29, 2019, provides important clarifications on the systematic application of the transfer price in Brazil

15
Feb
2019

Normative Ruling no. 1870/19 of Federal Revenue Service changes rules of Transfer PriceThe Normative Ruling 1870/19 that was published on January 29, 2019 brought important enlightenments about the systematic application of transfer price in Brasil.Most of the changes look after clarifying important aspects of the norm, giving the taxpayer more details about the application of determined methods, besides bringing relevant...

Normative Resolution No 36 – visa issuance to immigrants who want to invest in Brazilian property

29
Nov
2018

On November 21st., 2018, the National Immigration Council published the Normative Resolution No 36 (“NR 36”) that discipline the granting of residence to foreigners investing in Brazilian property.Through referred Resolution the Labor Department shall be entitled to grant residence authorization for individuals that, by means of their own resources from overseas, invest in real estate located in Brazil.In such context...

INDICATION OF FINAL BENEFICIARY: Deadline for providing the information is coming to an end.

12
Nov
2018

Through the publication of the Normative Instruction No. 1634/2016, amended by the Normative Instruction No. 1684/2016, the Internal Revenue Service of Brazil made it mandatory the provision of information relating to the final beneficiary of the following entities: (a) clubs and investment funds; (b) entities domiciled abroad, that in the country, are real estate holders; vehicles; vessels; aircraft; bank accounts; ...

Constitutionality of outsourcing in company´s core activities has been recognized

27
Sep
2018

The Brazilian Supreme Court on August 2018, recognized the Constitutionality of outsourcing to core activities, on terms of the amendment brought by Law No 13.467/2017, also known as by Labor Reform.The Law No 13.467/2017, on the original proposal, authorized the outsourcing in both ancillary and core activities, however, after some changes introduced on the proposal, this became to anticipate the non-specific activity to...

Senate approves bill of law on the protection of personal data

26
Jul
2018

On Tuesday, July 10, the plenary of the Senate approved, on an emergency basis, Bill of Law nº 53, regarding the Protection of Personal Data.The proposed legislation addresses the treatment of digitally processed information, from personal registration data up to pictures and texts disclosed in social media. It provides a series of rights to data owners, who become entitled to request access to personal information, as well...

Federal Government announces the creation of the Rota 2030 Program

17
Jul
2018

It was published last 06.07 the Provisional Measure 843/2018, which creates the Rota 2030 - Mobility and Logistics Program. The program was created with the objective of supporting the technological development, innovation and energy efficiency in the automotive sector.According to initial information from the Government, the program will have a fiscal cost of up to R $ 1.5 billion per year, lasting 15 years.Through Route...

City of Rio de Janeiro reopens term for debt renegotiation program

29
Jun
2018

The city of Rio de Janeiro has reopened the renegotiation of fiscal debts program, called “Concilia Rio”, which offers discounts of up to 80% on default accruals and ex officio fines.Law nº 6.365/2018 allows prompt payment with a reduction of up to 80% on the fine amount or installment payment with a reduction of up to 50% of the fine, depending on the number of parcels. ISS (tax on services), IPTU (property tax)...