Launch of PAC Selections
By Moema Giovanella* On August 11, the federal government presented and published in the Official Gazette of the Union the third Growth Acceleration Program – PAC, established by Decree 11.632/23, aiming at economic growth in Brazil through the incentive of private investments and increased public investments in the infrastructure sector. The investments […]
'Resolve Já' program is approved by Alesp
Last Wednesday (27/09), the Legislative Assembly of the State of São Paulo (Alesp) approved Bill (PL) No. 1,246/2023, a regulation that aims to establish the program called “Resolve Já”, an initiative of SEFAZ-SP with the objective of bringing better conditions for the negotiation of ICMS debts between the São Paulo Tax Authority and the Taxpayer of […]
E-Social: Labor Processes must be reported in the system from October
By Rafael Mello and Israel Cruz As of October 1, 2023, social security and social contributions resulting from convictions or approvals issued by the Labor Court must be recorded in eSocial and confessed in DCTFWeb – Labor Complaints. It is worth mentioning that this date was confirmed by the Brazilian Federal Revenue Service (RFB) […]
Approval of Bill 2.646/20 by the Senate
By Moema Giovanella On September 19, 2023, the Federal Senate approved Bill 2.646/20 (“PL 2.646/20”), which establishes tax benefits for infrastructure projects in the country, through infrastructure debentures, proposing changes to the current regulation of incentivized debentures. The text, from the Chamber of Deputies, […]
The return of the Quality Vote in CARF
This week, Law No. 14,689/2023 was enacted, definitively repealing the tie-breaking rule in favor of the taxpayer in trials held before the Administrative Council of Tax Appeals ("CARF"). In the event of a tie, the vote of the President of the Panel, a representative of the Treasury, will prevail. This is certainly a provision that guarantees a victory for the Tax Authorities […]
Football Corporations: risks and opportunities in the capital market
The Brazilian Securities and Exchange Commission (CVM) plays a key role in regulating and supervising the capital markets in Brazil. One of the CVM’s key areas of activity is to ensure that companies seeking capital market funding comply with established rules and guidelines.
Federal Government publishes provisional measure and changes rules for treatment of investment subsidies
Amid subsequent changes to the matter spearheaded by the Ministry of Finance, we see the publication this Thursday (August 31) of Provisional Measure (MP) No. 1,185/2023, which substantially alters the rules regarding state tax incentives and their use by taxpayers, if approved by the legislature. The main novelty concerns the inclusion of investment subsidies, a type of […]
Government publishes provisional measure on taxation of exclusive funds
Esse é o primeiro conteúdo que será visto pelo destinatário. O texto deve chamar a atenção do leitor para que ele ou ela acesse o conteúdo completo do artigo.
No dia 28 de agosto de 2023, foi publicada a Medida Provisória (“MP”) nº 1.184/2023, que regulamenta a tributação de aplicações em fundos exclusivos (ou fechados) de investimento localizados no Brasil.
A medida está inserida na pretensão do Ministério da Fazenda em aumentar a arrecadação tributária, já acompanhada de outras alterações ainda neste ano, com vistas ambiciosas de arrecadar aproximados R$ 24 bilhões entre 2023 e 2026.
A MP prevê que a tributação ocorrerá de maneira periódica com alíquotas de 15% a 22,5%, ficando os rendimentos das aplicações em fundos de investimento sujeitos à retenção na fonte do imposto de renda (IRRF) nas seguintes datas: (i) no último dia útil dos meses de maio e novembro; ou (ii) na data da
distribuição de rendimentos, amortização, resgate ou alienação de cotas, caso ocorra antes.
Our team will continue to closely monitor the development of the topic and is at your disposal.
willingness to provide any clarifications.
The Football Corporation and its impacts
Law No. 14,193/21 created the Football Corporation (SAF) and established its constitution, governance, control and transparency, as well as forms of financing and treatment of liability.
It should be noted that the new law amended and supplemented Law No. 9,615/98 (Pelé Law) and provisions of the Civil Code. In this context, interest in football is also found in other legal provisions, such as Law No. 13,155/15 (Profut) and Law No. 11,38/06 (Sports Incentive Law – LIE).
Regardless of the specifics, it is worth noting that being a member of SAF is extremely valuable. The new legal form is a good opportunity to create a secure, stable and robust corporate structure for conducting the club's football activities, bringing together the best of the national sport with best practices presented around the world.
In an article published on our website, we address the main points of the law and its innovations, in a clear and easy-to-understand manner.
Civil Insolvency and Over-indebtedness – Credit Recovery X Financial Restructuring of Individuals
Currently, in Brazilian legislation there are two institutes, one older and one more recent, whose effectiveness is apparent, but which are little used. We are talking about “Civil Insolvency” and the “Law of Over-indebtedness”. The similarity between them is that they apply to individuals, and the difference is that one (civil insolvency) is used in […]