With an economy in recovery situation, infrastructure investment, strategic location in the center of South America, with continental dimensions and a population of more than 210million people, one of the world’s largest producers of ethanol, iron, soy, meat and leather, Brazil presents a great variety of investment opportunities. Although the country is involved in a […]
In a world more worried with environmental matters, Brazil has adopted an avant garde positioning as regards the settlement of goals for the reduction of greenhouse gases emission in order to contain global warming. In such context, the option for the photovoltaic matrix seems an obvious alternative to Brazil, considering the climatic characteristics of the […]
On January 1st, 2017, rules applicable to investments made on “micro-enterprises” (companies with annual gross revenue lower than R$360,000.00) and “small-enterprises” (companies with annual gross revenue lower than R$4,800,000.00) by angel-investors, became effective for the first time in our country’s legal system, through Supplementary Law # 155 dated as of October 27th, 2016 (Sections 61-A, […]
Since March of 2014, when Brazilian authorities uncovered “Operation Carwash”, dozens of executives and companies have been investigated and found guilty in Brazil, including Brazilian companies with American Depositary Receipts (ADRs) traded in the New York Stock Exchange or Over-the-Counter (OTC) markets in the United States and foreign companies publicly traded in other jurisdictions. Companies […]
You probably hit the ground running when expanding overseas, rather than worry about the small stuff; and focus on delivering to your customers. So, how should you handle company incorporation, HR, payroll, accountancy and tax obligations? It would be wonderful if there was a “one size fits all” approach when you expand overseas but unfortunately, […]
Following a global trend of combating tax evasion, foreign currency drain and money laundering, as well as complying with the foreign treaties entered into for such purposes (such as the adherence to the Foreign Account Tax Compliance Act (FATCA), to the Convention on Mutual Administrative Assistance in Tax Matters and the BEPS – Base Erosion and Profit […]
Yesterday, July 25th 2016, Vice-President Michel Temer, who is currently acting as President, sanctioned Law No. 13,319, which revokes the increases in foreign equity holding by foreigners in Brazilian airline companies brought by Provisional Measure No. 714, of March 1st 2016. The main change introduced by such Provisional Measure was the increase, from 20% to […]
On June 17th 2016, the Brazilian Federal Tax Authority issued COSIT Ruling No. 78/2016 clarifying the tax withholdings applicable to airport ground handling services rendered to airline companies, so as to provide a clear understanding on the nature of such services for tax purposes. The Ruling consolidated the understanding that airport ground handling services must […]
Following a global trend of tax evasion, foreign currency drain and money laundering fighting, as well as complying with the foreign treaties entered into for such purposes, the Brazilian government has enacted this year a pack of rules aiming at combating the crimes referred to herein above. The first rule was published in January of […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Paulo Sergio Ferraz de Camargo of Ferraz de Camargo and Bugelli Lawyers. Paulo has joined IR as our exclusive Commercial Arbitration member in Brazil. Ferraz de Camargo and Bugelli Lawyers aims to bring to market a new way to practice law. The […]
Montgomery & Associados
The Brazilian Federal Tax Authority issued Normative Ruling 1,634 on 6th May 2016, which introduced new obligations for companies registered with the Federal Corporate Taxpayer’s Registry – CNPJ. Among such obligations is that of informing who their ultimate beneficiary owners are. This obligation is applicable to Brazilian and foreign companies alike, and certain documents must […]