New Emergency Program for Maintaining Employment and Income through Provisional Measure No. 1.045/2021

New Emergency Program

Provisional Measure No. 1,045/2021, published on 4/27/2021, institutes the New Emergency Program for Maintaining Employment and Income and provides complementary labor measures to deal with the state of public calamity due to Covid-19. The PM 1.045 basically brings back the Program of the PM 936/2020, with minor adjustments. PM 1,045 allows the reduction in the […]

Brazil and the pandemic, great potential for growth in the aftermath of the crisis

by Giacomo Guarnera* Although in a context of economic crisis caused by the COVID-19 pandemic, which has also hit Latin America strongly, in Brazil some sectors still show significant growth and dynamism potential, such as the automotive industry, renewable energies, the entire telecommunications chain and in particular agro-business. This is accompanied by investments planned until […]

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 […]

Authorization to travell to the Europe Union

As of 2021, all non-EU citizens of the Schengen Area, who were previously exempt from the visa requirement, will need a travel authorization. The Schengen Area, or Schengen Agreement, corresponds to a treaty that guarantees European citizens the right to transit, without the need of passport control, in 26 countries on the continent.  With the […]

São Paulo State authorizes ICMS/ST debts installment payment

Through the Joint Resolution of São Paulo’s State General Attorney and Public Finance and Planning Department published on August, 14th, the ICMS/ST debts installment payment is now authorized up to 60 installments.Debts registered or not in active debt, judged or not, may be paid in installments.Installments’ admission term end on December, 12th, and the adherence […]

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 […]

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 understood as legal […]

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 […]