Brazilian companies that have foreign direct investment must submit to the Central Bank of Brazil (BACEN) the updates of their periodic social and economic-financial information, through the Foreign Direct Investment (IED) and Electronic Declaratory Registration (RDE) module. Failure to provide information regarding foreign capital in the country, as well as the provision of false, incomplete, …
Informatives 27 de March de 2019
The Brazilian Supreme Court (STF) decided that “the outsourcing or any other form of labor division between distinct legal entities is lawful, regardless the corporate purpose of the companies involved, and kept the subsidiary liability of the hiring company” (Theme n# 725) The understanding was settled at the combined judgment of the Allegation of Breach …
Informatives 6 de September de 2018
On August 14, President Michel Temer sanctioned the law that regulates the protection of personal data in Brazil (General Law of Data Protection – LGPD). As expected, the creation of the National Data Protection Agency, as foreseen in the text approved by the Senate, was not approved by the President due to a lack of …
Informatives 15 de August de 2018
On July 11, the Federal Senate approved Bill 53/2018, which regulates the protection of personal data in Brazil (LGPD). With broad implications, the LGPD draws on the recently implemented General Regulation on Data Protection of the European Union (GDPR), establishing obligations for any persons or companies that collect / treat personal data or offer goods …
Informatives 17 de July de 2018As from January 8th, 2018 companies with annual gross revenue greater than R$ 78 million will be obliged to fill the eSocial to the Federal Government. For the other companies, the obligation will start in September 2018 ¹. The eSocial (Digital Fiscal Bookkeeping System of Fiscal, Social Security, and Labor Obligations) unifies information that was …
Informatives 27 de December de 2017As has already been done by national and foreign entities that registered with the CNPJ (taxpayer ID for legal entities) as of 07/17/2017, those registered after that date must inform their final beneficiaries to the Federal Revenue Department by the deadline of 12/31/2018. The obligation will be anticipated if there is a database change before 12/31/2018. …
Informatives 10 de November de 2017On July 19th 2017, the Brazilian Federal Revenue (RFB) issued the Normative Ruling No. 1,719 (IN 1,719/2017), which regulates the Complementary Law No. 123/2006 (LC 123/2006) and set rules regarding the taxation on capital injection operations performed by the new legal category of the Brazilian legislation, the “angel investor”. In the following topic, we present …
Informatives 3 de August de 2017The Brazilian Central Bank (BACEN) will perform the Five-Year Census of Foreign Capital in Brazil from July 1st, 2016 to August 15th, 2016, as established by the Ordinance no. 3.795, of June 16th, 2016. Such Ordinance consolidated the regulations about the Five-Year and the Annual Census, defining that the Five-Year Census has as database the …
Informatives 1 de August de 2016Brazil is in the midst of a complex political turmoil, which has been fueling a deep economic crisis. The outlook for the near future is uncertain. For Brazilians, the ongoing crisis is frightening and embarrassing. For international investors, however, the moment may be an outstanding opportunity for portfolio diversification. In the current context, main players …
Informatives 27 de April de 2016Recently enacted Federal Law # 13.129/2015 amended Federal Laws # 9.307/1996 (Arbitration Act). This is a clear result of the increasing use of the arbitration as an alternative dispute resolution in Brazil in recent years. Even though the original act was enacted almost 20 years ago, it took about 10 years for arbitration to become …
Informatives 16 de June de 2015