Tax reform: Government files a proposal to create the Social Contribution on Operations with Goods and Services (CBS) 

Social Contribution on Operations with Goods and Services (Operações com Bens e Serviços - “CBS”), a value-added tax (IVA), replaces the Social Integration Program and the Public Servant Assets Formation (PIS/Pasep) and the Social Security Financing (Cofins). 

CAMEX – Import Tax

Amends to 0% the rates of the Import Tax on Information Technology and Telecommunication Goods.

The deadline to file the ECF for 2019 is extended

The Brazilian Federal Revenue announced the extension of the deadline to submit the Tax Accounting Bookkeeping (ECF) to September 30, 2020.

Labor rules proposed by MP 927 are no longer effective  

Companies should be attentive to the return of the rules that were changed by the MP.

Auxiliary Obligations


The registrations at Siscoserv are suspended

It is important to keep monitoring and organizing the documents related to the operations to be registered in Siscoserv.

MP 932 – Conversion into law with veto to reduce contribution rates to the S System

The reduction originally provided for in MP 932/2020 took effect from April to June/2020.

Understand the main changes brought by law and decree dealing with suspension of employment agreement and reduction of salaries and working hours 

Businesses that have benefited from the measure so far and will choose to continue with the planned actions, should pay attention to some points.

The extension of the deadline for temporary suspension of employment agreement and reduction of working hours and salary is regulated

The deadlines for the proportional reduction of working hours / salaries and the suspension of the employment contract were extended.

Census of Foreign Capitals in Brazil: deadline report the obligation to Bacen ends in August 

The deadline to report the Annual Census of Foreign Capital in Brazil is open, which will end at 6 pm on August 17, 2020. 
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