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Taxation of income from Trusts abroad

By Adriana Lemos and Flavia Sobral The federal court of Sao Paulo, with a judgment rendered on December 18, 2020, decided that the beneficiaries must pay Income Tax (“IRPF”) on income originating from Trust abroad. A Trust is a legal […]

Drummond in the media: America News

Bruno Drummond, partner and founder of Drummond Advisors, gave an interview on income tax in the US for the journalist Mila Burns. The chat was featured on the America News program, on Globo Internacional channel, last Saturday (03/13).Check out the […]

Serie LLC: ¿es la opción correcta para su empresa?

Ventajas y desventajas de la Serie LLC [Spanish version] Artículo publicado en The balance small business POR JEAN MURRAY La serie LLC (series limited liability company o serie de compañías de responsabilidad limitada) es un concepto relativamente nuevo en el […]

Series LLC: Is it Right for Your Business?

Benefits and Drawbacks of the Series LLC Article published at The balance small business POR JEAN MURRAY The series LLC is a relatively new concept in business ownership, but the concept of multiple LLCs under one umbrella LLC has been around […]

PPP Loan 2: what you need to know

The United States Department of the Treasury reopened the Paycheck Protection Program (PPP) following new guidelines for the forgiviness small business loan program. Are you an entrepreneur in the US and have questions about it? Watch the video, presented by […]

What To Expect From Joe Biden’s Immigration Plan: Series

In his recent statements, the president Joe Biden has pledged to use the executive powers to reverse many of Trump’s most controversial Immigration actions. Pedro Drummond, partner at Drummond Advisors, and Louanni Cesario, Senior Associate from the Drummond’s Business Immigration […]

FATCA: Implications of banks in the USA

What are the implications for Brazilian banks in the USA? Watch the video and understand everything about FATCA ( Foreign Account Tax Compliance Act) and the impacts for Brazilian banks entering the North American market. Also learn which are the […]

Joe Biden Tax Plan: what is important to know

After the unfolding of the vote counting in the last American presidential elections, it appears that Joe Biden will start his term as President of the United States in January 2021. In this context, the country’s tax system is likely […]

Legal Framework for Startups goes to vote in Congress

By Fernanda Marques Presented by the Executive Branch on October 20, for approval by the Chamber of Deputies, the Complementary Bill 249/2020 (PL 249/20) establishes the legal framework for startups and innovative entrepreneurship in Brazil. PL 249/20 establishes principles and […]

Drummond in the media: America News

Do you want to know more about the challenges faced by Brazilians who decided to invest in their own company in the USA? Follow the report of the America News! Louanni Cesario, our senior lawyer responsible for the Business Immigration […]

Get ready for the new accounting rule

Drummond Advisors’ Tax Department has gathered information on the main tax measures published in recent weeks in Brazil that may affect you and your company. Check out: 1- Changes to the Foreign Trade Declaration – Siscoserv The deadlines for submitting […]

Tax aspects of cost-sharing agreements

By: Fernanda Marques On January 31, 2020, ruling n. 1401-004.049, of the 1st Judgment Section, of the 4th Chamber and 1st Ordinary Panel of the Administrative Council for Tax Appeals (CARF), was published, determining the incidence of withholding income tax […]

New Brazilian Franchise Law

Alissa Campos On December 26, 2019, a new franchise law was sanctioned in Brazil. Law no. 13.966 — which can be consulted in its Portuguese version here  — seeks to bring more clarity and security to the relation between the […]

EB-5 now 80% more expensive for investors

For a long time, we’ve been hearing talks about a possible change in the rules to apply to EB-5, as it allows for the possibility of obtaining the Green Card many people dream about. After years of the program’s existence, […]