New law reduces from 13% to 7% tax burden on aviation kerosene ICMS in the state of Rio de Janeiro

This affects air transport companies for passengers and goods, air taxi companies and tourism helicopters companies operating in Rio de Janeiro state airports.

Census of Foreign Capital in Brazil: attention to the five-year submission to Bacen

From July 1 to August 16, the Central Bank of Brazil (Bacen) receives declarations regarding the Five-Year Census of Foreign Capital in the Country.

Provisional Measure No. 1,040, 2021 – Term Extension 

Extends Provisional Measure No 1,040/2021, which addresses facilitation for opening companies, protection of minority shareholders, foreign trade facilitation and others.

CGSIM – Addresses simplification measures and provides for the operational model of entrepreneur and legal entity registration and legalization

As from July 1, 2021, legal entities will be exempted from business name previous search if they choose to use the Corporate Taxpayer Identification Number (Cadastro Nacional de Pessoa Jurídica - CNPJ) as its business name.

Elimination of Tax on Goods and Services (ICMS) from PIS/Cofins calculation basis: from courts to credit setoff or refund

New tax scenario creates tax opportunities for medium and large companies.

Brazilian Federal Revenue Office and National Treasury Attorney-General’s Office (PGFN) sign a public notice acceding to the agreement of tax litigation transaction

The agreement allows debts to be paid at a discount of up to 50%.

International Maritime Labor Convention takes effect

Brazil became a member of the Maritime Labor Convention (MLC), an International Labor Organization Convention.

STF finishes the trial concerning the exclusion of ICMS from PIS/Cofins

The Federal Supreme Court (Supremo Tribunal Federal - “STF”), in a historic decision, has sustained on this Thursday (May 13) the interpretation that the ICMS may not be included in the calculation basis of PIS/Cofins

Legislation determines the distancing of pregnant employees from face-to-face work

The Law 14.151 determining the distancing of pregnant women from face-to-face work during the validity of the public health emergency situation due to the Covid-19 pandemic.

Foreign Trade Operations – Registrations and qualifications to operate in the Foreign Trade Integrated System – SISCOMEX

Establishes criteria for import quota allocation, determined by Executive Management Committee of the Foreign Trade Chamber resolutions No. 192/2021 and No. 202/2021.
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