Executive Decree regulates new Gas Act  

New aspects reinforces the regulatory structure for operating in the gas market.

Setting up a foreign capital company in Brazil: preparing to seize new opportunities

The Brazilian business market includes rules and procedures that require planning and support during the process of opening companies.

Digital Accounting Bookkeeping (ECD) filing deadline extended

Legal entities must now submit by July 30 2021 the ancillary obligation for the calendar year 2020.

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.
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