Basic text of Tax Reform is approved in the Chamber of Deputies
By 398 votes to 77, the Chamber of Deputies approved yesterday (01.09) the basic text of the tax reform, which provides for several changes to the legislation on Corporate and Individual Income Tax (“IRPJ” and “IRPF”). Among the main measures provided for in the text is the reduction of the IRPJ for companies, from the current 15% […]
Multi-ownership (Time Sharing) of Urban and Rural Properties
By: Vitor Antony Ferrari and Ivan Kubala. In short, time sharing or multi-ownership consists of sharing assets, whether real estate or movable, for a period of time, which may belong to one or more partners/investors. It is a type of temporal division of the asset. In Brazil, 02 (two) years before Law No. 13,777/18 was enacted, […]
M&A SERIES | Part 1: What is an M&A?
By: André Jerusalmy 1 – INTRODUCTION: To explain, and even demystify, some concepts often used in mergers and acquisitions (also popularly known as "M&A") to our clients and partners, we will publish a series of articles on how these transactions work. Our goal is to provide […]
The Unconstitutionality of the ICMS/SP Tax Substitution and the Advantage of Energy Derivatives
08/30/2021 In 2009, the state of São Paulo published Decree 54.177/2009, which established a tax substitution regime for the collection of ICMS on electricity within the free energy market, giving new wording to §§ 2º and 3º of art. 425 of the ICMS Regulation, determining that energy distributors collect […]
The Federal Revenue Service understands that ICMS should be excluded from the calculation of PIS/COFINS credits
In a legal opinion, the Brazilian Federal Revenue Service (RFB) stated that ICMS should be excluded from the calculation of PIS and COFINS credits taken on purchases of inputs and other goods subject to crediting of contributions under the non-cumulative system, which would reduce the value of these credits. Although not yet published – […]
The possibility of replacing the IGP-M as an adjustment index in Lease Agreements
By: Vitor Antony Ferrari and Ivan Kubala* The application of the IGP-M (general price index – market) has been widely discussed due to the disproportionate accumulation that the index has been indicating since 2020, which has generated an increase in legal demands seeking to replace this index with a less onerous one, mainly in […]
Privatization of the Post Office
08/20/2021 By Antonio Carlos Mazzucco and Fabiana Porta Recently, the Chamber of Deputies approved Bill 591/2021, which provides for the end of state control over the Post Office, a federal public company linked to the Ministry of Communications and whose purpose is to execute and control, under a monopoly regime, postal services throughout the territory […]
Joint Normative Instruction 01/2021 and the investigation of administrative infractions due to conduct and activities that are harmful to the environment
By Leonardo Neri In April 2021, the Joint Normative Instruction number 01 of 2021 (INC 01/2021) was published in the Official Gazette of the Union, prepared by the Ministry of the Environment, IBAMA and the Chico Mendes Institute, in order to amend the Joint Normative Instruction number 02 of 2020 (INC 02/2020), which regulates the process […]
Environmental, Social and Governance (ESG) practices for companies
By: Leonardo Neri ESG comes from the English environmental, social and governance, and corresponds to an organization’s environmental, social and governance practices. These are standards and good practices that define whether the company is socially conscious, sustainable and correctly managed. The term gained repercussion in 2020, after the announcement made by the CEO of […]
A week of highlights in the voting of tax agendas
O mês de agosto começou agitado na seara tributária com a votação de assuntos importantes nos Plenários da Câmara e do Senado. Trazemos a seguir um resumo dos principais temas que foram destaque na semana. Urgência na votação da Reforma Tributária Em votação realizada nesta quarta-feira (04/08), o Plenário da Câmara dos Deputados aprovou, por […]