1st Panel of the STJ decides that expenses with bank correspondents are part of the PIS/COFINS basis
Last week, the 1st Panel of the Superior Court of Justice, in the judgment of AREsp No. 2.001.082, established that expenses incurred by financial institutions with banking correspondents should be included in the calculation basis for PIS and COFINS. Regarding the context of the discussion, taxpayers claim that expenses with the hiring of banking correspondents […]
STF defines modulation of effects of the third vacation
Last Wednesday, 06/12/2024, the Federal Supreme Court (“STF”) determined that the incidence of social security contributions on the constitutional third of vacations will only occur after the date of publication of the minutes of the judgment on the merits of the discussion, which occurred on 09/15/2020, except for contributions already paid and not challenged in court until said date, which […]
CVM Changes Rules Related to Shareholders’ Meetings
On June 4, 2024, the Brazilian Securities and Exchange Commission (CVM) published Resolution No. 204, changing the rules for participation and voting in digital, in-person or hybrid meetings of corporations, encouraging shareholder participation in corporate meetings. Despite expanding the use of remote voting, […]
MP 1,227/2024: limitation on the use of PIS/COFINS credits
On June 4, 2024, Provisional Measure (“MP”) 1,227/2024 was published, which, among other measures, limited the hypotheses for offsetting taxes administered by the Brazilian Federal Revenue Service, and also brought about the revocation of hypotheses for reimbursement and offsetting of credit balances and presumed credits of non-cumulative PIS and COFINS contributions. The […]
Establishment of the São Paulo Plan in the Right Direction
On May 23, 2024, the Government of the State of São Paulo published Decree No. 68,538/2024, which instituted the São Paulo in the Right Direction Plan, establishing guidelines that aim at “expanding investment, efficiency of public spending, reducing current expenses and modernizing the state Public Administration”. In this context, it is worth highlighting […]
STF will be able to define the ISS in the PIS and COFINS calculation base
Due to the cancellation of the request for a highlight made by Minister Min. Luiz Fux on May 23, 2024, General Repercussion Theme No. 118, which deals with the incidence of ISS in the calculation basis of PIS and COFINS, may once again be scheduled by the STF plenary for virtual judgment. The judgment of […]
Companies must register with the Electronic Judicial Domicile by May 30th to avoid penalties
The deadline for large and medium-sized Brazilian companies to voluntarily register with the Electronic Judicial Domicile, a tool of the Justice 4.0 Program that centralizes procedural communications from all Brazilian courts on a single digital platform, ends on May 30. After this date, registration will be mandatory, using data from the Federal Revenue Service, […]
Senate approves changes to the SAFS Law
New Bill No. 2,978/2023, approved last Wednesday (05/15), to improve the governance of Football Corporations – SAFs Approved last Wednesday (05/15) by the Senate, Bill No. 2,978/2023 – PL 2,978/2023 aims to reform the governance of Football Corporations (SAFs), with the objective of protecting investors […]
STF will be able to define the ISS in the PIS and COFINS calculation base
Due to the cancellation of the request for a highlight made by Minister Min. Luiz Fux on May 23, 2024, General Repercussion Theme No. 118, which deals with the incidence of ISS in the calculation basis of PIS and COFINS, may once again be scheduled by the STF plenary for virtual judgment. The judgment of […]
Law No. 14,801/2023 was enacted, creating Infrastructure Debentures
By Moema Giovanella This Wednesday (10) the Executive Government sanctioned, without vetoes, the new Law No. 14,801/2023, which creates Infrastructure Debentures. Despite differing from Incentivized Debentures, which grant benefits to the purchasers of the securities, the new instrument does not eliminate them. According to the new device, special purpose companies, concessionaires, […]