One of the greatest opportunities to reduce tax liability that companies established in the U.S. can benefit from is the credit related to investments in research and development, provided for in Section 41 of the Internal Revenue Code. Such benefit […]
The acronym ESG is becoming more prominent in companies’ daily businesses. But do you know what it stands for? It means environmental, social and governance, and represents a set of practices that aims at establishing if the operation of a […]
The Internal Revenue Service (IRS) will start the 2022 tax season on 01/24. Warnings have already been issued for taxpayers to prepare for delays, due to the large accumulation of unprocessed statements during the Coronavirus pandemic period. The National Taxpayer […]
1. USCIS Extends Flexibility for Responding to Agency Requests In response to the COVID-19 pandemic, USCIS is extending the flexibility it announced on March 30, 2020, to help applicants, petitioners, and requestors who are responding to the following: Requests for […]
Consumers in Brazil can now file complaints regarding conflicts and fraud that took place abroad, including tourism. Registrations can be made in Portuguese through the Econsumer platform. The platform has agencies from over 40 countries to respond to the challenges […]
The return to face-to-face activities continues to generate numerous impacts on labor relations. A relevant aspect in this preparation is the hybrid regime, one in which the employee works partly in the office and partly at a distance. Although companies […]
The H-1B visa category is dedicated to specialized professionals who will be hired by US employers for local work. H-visas are nonimmigrant work visas and requires a job offer from an US employer, with a salary within market standards for […]
The Normative Instruction (IN) of the Federal Revenue No. 2060/2021, which will come into force on January 1, 2022, comprises the Income Paid and Withholding Income Tax Statement. Regarding the Income Statement, the IN informs that “the individual or legal […]
The Federal Government, through Decree 10854/2021, simplified a number of labor standards, among the adjustments are the changes of food voucher and meal voucher rules. The most significant updates to employees’ food benefits are: The use of cards is not […]
To talk about the promising market of Brazilian AgTechs and their possibilities for international expansion, the Brazilian-American Chamber of Commerce of the Southeast (BACC-SE), in partnership with the Consulate General of Brazil in Atlanta, and support from Drummond Advisors, promoted […]
To mark the launch of Go Global: Visa Guide, produced by Drummond Advisors, our team of experts hosted webinar “Live and Work in the US: visa types and exclusive tips.” The event had the participation of Louanni Cesario, senior attorney of Business […]
The World of Applications: a Paradigm Shift The introduction of smartphones represented, from the last decades, a disruptive event in the way we communicate. In this context, interface models that use icons to identify applications and different functionalities of such […]
In trial conducted on October 27, 2021, the 1st Panel of the 2nd Chamber of the 3rd District of the Administrative Tax Appeals Board (“CARF”) delivered understanding as to consider the licensing / assignment of right of use of software […]
On November 26, 2021 the Biden administration published a new Proclamation restricting entry of certain travelers due to the risks of contamination and dissemination of the new variant of coronavirus B.1.1.529 (Omicron) that has been proliferating in African countries. The […]
The Regional Labor Court of the State of Paraná has adopted the understanding that the remuneration paid abroad, in foreign currency, does not serve as a calculation basis for the payment of FGTS. In the case analyzed by the TRT, […]
Lower court judges have accepted requests for the review of statements and are releasing taxpayers from paying taxes on the Selic rate. The restatement by the Selic rate involves R$ 65 billion. According to an article published by Valor Econômico, […]
Drummond Advisors promoted the Webinar “Green Card and Visas for Investment: invest and live in the USA” with the objective of helping those interested in investing, undertaking and living in the United States, but still have doubts about the subject. […]
Minister Luís Roberto Barroso, in a ruling rendered on 11/12/2021, lifted provisions from Ordinance 620/21 of the Ministry of Labor and Welfare preventing companies from requiring proof of vaccination when hiring employees or during the course of the employment agreement. […]
On Thursday, November 18, the Drummond Advisors Miami office hosted the 1st edition of the StartSe Mission: Miami, event with the participation of 11 Brazilian entrepreneurs who are looking to internationalize their businesses and live in the United States. The […]
The process to renew your Permanent Resident Card is done within 6 months of the expiration of the card. The Green Card renewal is done through form I-90, Application to Replace Permanent Resident Card. If the purpose of the application […]
Establishing an international presence is a project that is easily imposed in the minds of business leaders in the pursuit of growth. When the decision is made to expand beyond their borders, they consider opening an office, assembling distribution channels, adapting […]
The H1B visa is aimed at foreign professionals, more specifically, aimed at a specialized workforce which is not easily found in the USA, that is, graduated professionals with very specific experience in their field. In order to fit the term of specialized […]
It was published by the Taxation Division (“DISIT”) of the Federal Revenue Service (“RFB”) to DISIT Answer to Advance Tax Ruling Request (“SC DISIT”) no. 4.028, in answer to challenge by taxpayer that operates in the cars resale management software […]
Short before the American tax reform of December, 2017, known as Tax Cuts and Jobs Act (TCJA), the United States Tax Court had ruled the case of Grecian Magnesite Mining Indus. & Shipping Co. v. Comm’r, 149 TC No. 3 […]
The Copom (Monetary Policy Committee) increased the basic interest rate, the Selic, by 1.5 percentage points, jumping from 6.25% to 7.75%. It is the highest rate in 4 years. The main purpose of the increase is to try to control […]
The Federal Revenue Service issued a positive guidance for companies that intermediate online product sales through marketplace platforms as it analyzed a company’s inquiry regarding the inclusion, in its gross revenue, of amounts received from buyers but which are passed […]
On October 25th, the U.S. Embassy in Brazil officially announced the details of the new policy for foreigners to enter the country as of November 8th, with the following requirements for admission to the country: • International travelers over 17 […]
The Centers for Disease Control and Prevention (CDC) announced on June 14, 2021 that pets from countries the agency considers at risk will be restricted from entering the U.S. due to rabies outbreaks, beginning effective July 14, 2021. At this […]
The taxation of lack thereof of expenses and costs shared by companies of the same corporate group has been long discussed in Brazil. The latest Federal Revenue Service statements on the issue occurred (i) in 2012, through the issuance of […]
The K-1 visa is a Nonimmigrant Visa intended for the Foreign National fiancé(e) to enter the United States and marry the U.S. Petitioner within 90 days of his/her arrival. This process is done through the form I-129F, Petition for Alien […]
On Friday (15), was announced that as of November 8th the United States will suspend the restrictions to fully vaccinated international travelers, by air and land borders. The announcement was confirmed by White House and the U.S. Department of State. […]
The Central Bank (BC) intends to discuss the investment in cryptoassets over the following months, a topic that has been growing steadily in the Brazilian market. Agência Brasil mentioned what the director of Monetary Policy of the BC, Bruno Serra, […]
The Monetary Policy Committee (Copom) announced a 1% increase in the Selic rate, which went from 5.25% to 6.25% points, the highest level since July 2019. It is the fifth time that the rate has increased in 2021. The Copom […]
Together, Companies Facilitate International Transactions and Guide Companies Through their Globalization Journey ATLANTA – October 7, 2021 – UnniCo, a leading business accelerator for international small businesses, and Drummond Advisors, a leading accounting and tax advisory service for international businesses, […]
Bruno Drummond comments on the possible outcomes of such change for the economy Check the complete audio of the interview in our Podcast (in Portuguese): In order to fund the Bolsa Família (Family Stipend) program, the federal government raised the […]
The Superior Labor Court (TST) will judge whether Covid-19 can be considered an occupational disease. The 2nd Panel of the court will analyze the appeal on a date not yet defined, with minister José Roberto Freire Pimenta as the rapporteur. […]
The Federal Supreme Court (STF) shall resume, on October 07, the trial of Direct Action for the Declaration of Unconstitutionality (ADI) 5766, of Reporting Judge Luís Roberto Barroso. The ADI challenges articles of Law 13467/2017, known as Labor Reform, which […]
Due to the lack of opportunities for access to credit in large banks, Brazilian startups are turning their gaze to the corporate debt market. One example is the issuance of certificates of agribusiness and real estate receivables (CRIs and CRAs). […]
Attention! Always confirm with the airlines if any changes or additional restrictions are applied before embarking. Written by Ana Gabriela Francelli, Immigration Manager at Drummond Advisors
If you are a US Citizen Parent you can petition for your Child, under the Immediate Relative Category, if your Child is under the age of 21 and unmarried, to live in the United States and become a lawful permanent […]
The first two weeks of September registered a surplus of U$ 2.043 billion. By September 12th, exports totaled US$ 9.069 billion, and imports total US$ 7.025 billion. In the second week alone, the surplus was of US$ 1.399 billion, with […]
With the advance of the vaccination throughout Brazil, on-site activities are being resumed. At the moment, companies need to pay extra attention to what is and what is not allowed in the return to the office. In order to provide […]
The 22nd Federal Civil Court of São Paulo authorized a preliminary injunction that benefited an electronic equipment company to obtain PIS anc Cofins credits on expenses with charges levied by online platforms. The National Treasury Attorney’s Office (PGFN) reported that […]
With global economies widely connected, Brazilian companies have been facing the difficulty in understanding, planning and establishing procedures for the expatriation of associates, whether due to the complexity of labor legislation on the topic, or due to the costs involved […]
With globalization, Brazilian companies are increasingly transferring their associates to affiliated companies abroad. In this sense, the expatriation procedure of Brazilian workers has also been gaining space in companies and is still a process that raises many doubts to HR […]
New Ordinance NO. 25/2021 – DIREX/PF, of August 17, 2021 was published in the Official Federal Gazette, providing for the extension of the period for migratory regularization in the scope of Federal Police. Considering that there is still a significant […]
Provisional Measure (PM) 1.040/2021, which facilitates the opening of companies in Brazil, was approved by President Jair Bolsonaro (no party). The PM’s text was edited in March, came into force at the start of August, and is now set. The […]
Bruno Drummond comments on the Startups boom Check out the full audio of the interview in our Podcast (in Portuguese): In the third episode of the “Updates of the Week” segment, we talked with Bruno Drummond, partner and founder of […]
Learn about the investment possibilities in Brazil and what some technical terms such as ‘hard fork’ and ‘airdrop’ mearn Since the emergence of Bitcoin in 2009, cryptocurrencies have achieved increasing success on the global financial scene. In Brazil, the cryptocurrency […]
Currently, the Internal Revenue Service (IRS) does not have an internal policy on the taxation of all cryptocurrencies per se, but rather on the so-called virtual currencies, which, according to the definition of IRS itself, are any representation of a […]
2021 has already seen the largest number of Brazilian IPOs in the USA. The deals involved Vtex, Zenziam, Patria and Vinvi. This year, five companies are still planning to debut on the NASDAQ or NYSE (US stock exchanges) by December, […]
Great news for the startup market in Latin America! The investments of capital in startups continue to increase. Right now, at least 23 Latin-American startups are valued at more than US$ 1 billion, according to the report published by the […]
The demand for “green cards”, the permanent immigration visa to live and work in the United States, grew by 36% in the past 12 months. The pursuit of Brazilians with high professional qualifications for a permanent visa increased considerably during […]
In August 2021, the Supreme Federal Court brought many expectancies regarding their judgment on labor matters in the Court. Issues such as the ultra-activity of collective regulations and the validity of a collective regulation that limits or restricts workers’ rights […]
The Condition on the Permanent Resident Status will apply to foreign nationals who got married within 2 years of adjusting his or her status, or when entering the United States as a Green Card holder (LPR). This 2-year condition is […]
Some companies have succeeded in getting permission from the courts to collect a fixed amount of ISS, through a professional society, which are formed by a group of professionals who share a common function. According to Decree Law No. 406, […]
From the 3rd of August 2021, Spain will have new entry conditions for its territory, authorizing the entry of Brazilians who have a European dual-citizenship. In addition to these cases, travelers from Brazil who meet the categories below (upon presentation […]
On 10/08/2021, the Chamber of Deputies approved a mini labor reform which prioritizes the flexibilization of worker rights and creates new types of employment contracts. The bill can still undergo changes with significant votes from the Chamber and, later, will […]
The Monetary Policy Committee (Copom) announced a 1% increase in the Selic rate, with a jump from 4.25 to 5.25 percentage points. According to Copom, the financial market is projecting that the rate could reach 7.50% in December and stabilize […]
As a rule, a foreigner will be considered a resident of the USA for fiscal purposes if they fall under the criteria of the Substantial Presence Test, except in the case of obtaining a green card (permanent residence in the […]
As the vaccination efforts progress in Brazil, face-to-face activities are also starting to return, but this requires a lot of care from companies. An important aspect of the return to in person activities is the vaccination of the population in […]
In March 2017, the Federal Supreme Court (“STF”) ruled on Extraordinary Appeal (“RE”) No. 574,706, which established the unconstitutionality of the inclusion of the Tax on Circulation of Goods and Services (“ICMS”) in the calculation basis of the contribution to […]
Last August 1, 2021, the provisions of the General Data Protection Law (LGPD) on administrative penalties, which are applicable to data processing agents who commit violations of the rules provided for in the Law, entered into force. However, despite being […]
Starting on the 1st of July 2021, all fiscal auditors for Brazil’s Federal Revenue (“RFB”) began to follow the new position set out in COSIT Consultation Solution No. 115/2021 (“SC”) regarding the exemption from Income Tax (“IR”) on gains arising […]
Bruno Drummond comments on the impact of annual quota-eaters Check out the complete audio of the interview on our Podcast (in Portuguese): On the second episode of the “Updates of the Week” series, Bruno Drummond, partner and founder of Drummond […]
The Administrative Council of Tax Resources (Carf) will receive 45 texts for analysis in August. Among these, two summary proposals stand out, the first being on the taxation of profits in Brazil, despite the existence of an international treaty that […]
The Brazilian Industrial Production Index grew by 10.9% in May compared to the same month in 2020. It was a significant growth that made the index return to pre-pandemic levels. The data is calculated by the Agribusiness Studies Center of […]
Do you own virtual currency and are considered a North-American citizen for fiscal purposes? Stay on top of your tax obligations. Below are frequently asked questions on the purchase and sale of cryptocurrency in the United States according to information […]
Good news! Some countries are starting to accept the entry of tourists who are fully vaccinated against Covid-19. Brazilians who received doses of immunizing agents such as those from Astrazeneca, Moderna, Pfizer and Janssen will be able to enter France […]
Currently, in addition to the current prospects for Brazilian tax reform, there is also a lot of talk about the possibilities of new changes to the American tax system. President Joe Biden presented a set of proposals that, if approved, […]
To apply for U.S. Citizenship, one of the categories of eligibility is to be a Legal Permanent Resident (LPR) and married to a U.S. citizen for at least 3 years. You also must be 18 years old and a person […]
On the 1st of July 2021, the law dealing with the economic and market nexus regarding sales tax (Senate Bill 50 – S.B.50) came into force. The state of Florida was one of the last states to enact a law […]
The latest report from Inside Venture Capital, from the innovation hub Distrito, pointed to a record investment in Brazilian Startups in the first quarter of 2021. The data pointed to US$ 5.2 billion dollars (more than 27 billion Reais) were […]
By issuing the Private Letter Ruling No. 98 of June 21st, 2021 (“PLR 98/21”), the Brazilian Revenue Service brought some good news for taxpayers regarding donations of shares in fixed maturity mutual funds treated as inheritance advancement, as well as […]
In addition to GDP growth in the first half of 2021, another positive point marked the Brazilian economy, foreign capital invested in the local stock market reached the amount of R$ 48 billion, not counting IPOs (initial offerings of shares) […]
Do you know what the General Data Protection Law (LGPD) is? It is the set of rules that regulates any and all personal data processing activities in Brazil. Since August 2020, the LGPD has been in force and, starting August […]
A new measure proposed by the Biden administration could strengthen growth in sectors that are dominated by a small group of companies. The plan is to control the power of large companies in these markets, reducing their commercial monopoly. According […]
Last Friday, 25th, the second phase of the Tax Reform was presented by the Minister of Economy, Paulo Guedea, and the President of the Chamber of Deputies, Arthur Lira. The project deals with the Tax Reform for Individuals, Companies and […]
In response to the needs of our clients and envisioning new opportunities associated with immigration issues in Brazil, Drummond Advisors is proud to extend its immigration services to Brazil-bound immigrants. The newly-formed practice area is aligned with the demands of […]
A study carried out by Globo shows that 60% of young Brazilians under 30 would like to be entrepreneurs. The survey also shows that 24% of young people of classes A, B and C already own their own business. The […]
A World Bank study, which evaluated the ease of doing business in the country, ranks the state in 2nd place in the area of starting a business, with the lowest average time among the states. The research, consolidated in the […]
In 2021, according to a survey carried out by the risk rating agency Austin Rating, the AReal is the fourth currency that appreciated the most globally. This appreciation caused the dollar to close at less than R$5 for the first […]
The US tax filing process can raise some common questions early on. “What should I declare?” is one of the most frequently asked questions about the subject. If you have income connected to the United States, be it rental income […]
The Monetary Policy Committee (Copom) announced, on Wednesday the 16th, an increase to the Selic rate of 0.75%, with a jump from 3.5 to 4.25 percentage points. The increase aims to contain inflationary pressure, which grew for the third consecutive […]
By Bruna Squires If you are a US Citizen, by birth or naturalization, 21 years or older, you can petition for your parent to live in the United States and become a lawful permanent resident (LPR or Green Card holder). […]
Brazil’s Gross Domestic Product (GDP) for the first quarter 2021 has increased by 1.2% when compared to the past 3 months. In comparison with the first three months of 2020, the increase was 1%. The data is from the Brazilian […]
By Julia Alves e Louanni Cesário The COVID-19 pandemic has caused the immigrant visa and nonimmigrant visa issuances to meaningfully drop. Immigrant and nonimmigrant Visa Backlog The suspension of routine visa services and COVID-19 travel bans reduced immigrant visa issuances […]
By Daniel Rangel On the Federal Supreme Court (STF) docket of June 17, 2021, analysis of the subject 1046 is expected, which will define whether Collective Bargaining Conventions, or Collective Bargaining Agreements, can restrict or limit a labor right that […]
By Daniel Rangel The 4th circuit of the Superior Labor Court (TST) recently decided that the fact that companies establish guidelines and measure the results of service providers does not imply the existence of an employment relationship. For the analysis […]
The Brazilian Internal Revenue Service (“RFB”) published Ordinance no° 28, on the 15th of April 2021, establishing the pilot project for the new Cooperative Fiscal Compliance Program (“Confia”), which has the aim to create cooperation between federal tax authorities and […]
On the 27th of May 2021, the US State Department increased the list of National Interest Exception (NIE), allowing the entry of more categories of foreigners. The new determination extends the exception to foreigners with valid visas who qualify for […]
President Jair Bolsonaro signed into law, this Tuesday (1st), a measure that establishes the Legal Framework for Startups and Innovative Entrepreneurship. The aim of this law is to boost and regularize the growth of innovation companies in each business model. […]
This Monday (24th), the Central Bank of Brazil (BCB) released guidelines for the creation of a cryptocurrency for Brazil. The intent of the digital currency is to promote innovation in payment methods, which have become necessary due to the various […]
In a recent decision, the Superior Justice Tribunal ruled on the incidence of ISS on the management of foreign investment funds in an unprecedented way. The controversy concerns Complementary Law 116/03, which provides in art. 2, item I, that the […]
By Bruna Falcão Squires The primary purpose of family-based immigration is to unify families. Although family-based Immigration can encompass many topics, one of the most common is adjusting status through marriage with a U.S. Citizen (USC). The adjustment of status […]
New law 14.151/2021, published on the 12th of May 2021 and which comes into effect immediately mandates that pregnant workers be away from face-to-face work, during the emergency period as a result of the pandemic of the coronavirus. The pregnant […]
Do you want your company to Go Global? Drummond Advisors can help you! Drummond Advisors was recently featured in Global Atlanta’s article “Brazilian Tech, Ag Firms Find Fertile Ground in Georgia” which was a recap from the Georgia Innovation Ecosystem […]
The Supreme Federal Court (“STF”), in the records of Extraordinary Appeal (“RE”) No. 855,649, decided on the constitutionality of income tax (“IR”) on amounts deposited in the taxpayers’ current account, when they, after being summoned, they are unable to prove […]
By Aline Moreira In this article we will look at a new legal development. Normative Resolution n.º 36/18 brings a possibility that did not exist before the entry into force of the New Migration Law, specifically, residence based on the […]
The term “compliance” has its origins in the English verb “comply”, which means to execute, to exercise, to perform. Compliance can be defined as a standard that seeks to comply with legal and regulatory standards, to ensure ethical and transparent […]
With the COVID-19 pandemic, the Federal Government published Provisional Measures 1045/21 and 1046/21 that reissue the labor measures taken in 2020. The actions announced on April 28, 2021 provide: Reduction of work hours and wages It is possible to proportionally […]
By Juliana Dias e Louanni Cesário The Department of Labor (DOL) has released statistics regarding the Permanent Labor Certification (PERM) Program and the Labor Condition Application (LCA) Program for the first and second quarters of Fiscal Year (FY) 2021. The […]
The Senate approved Bill nº458/2021, which institutes the Special Regime for Updating and Regularizing Equity (“REARP”), which aims to allow the updating of the value of movable and immovable property, as well as the regularization of assets that have been […]
Are you a content creator in Brazil and produce videos on YouTube? Know that even if you are not in the United States, you have tax obligations with the IRS! Want to understand how tax retention on YouTube works for […]
With the Covid-19 Pandemic, various methods have been adopted in the real of labor in order to adapt working relationships to the uncertainty caused by the pandemic. An older tool, created in the Labor Reform of 2017, may be one […]
By Aline Moreira Continuing on the theme of the previous article, we will address here the second type of residence permit created with the aim to providing technical services. Normative Resolution No. 04/17 regulates the granting of a residence permit […]
Through Consultation Solution No. 5, published on the 3rd, the Federal Revenue Service published a position on the incidence of IOF on remittance of funds for the purchase of cryptocurrency abroad. In this case, the Consultant clarified that he would […]
Originally published by AILA. Immigration rules, regulations and policies may be confusing and often published in several different manners. Do you know the difference among them? STATUTES are laws passed by a Legislature, usually by Congress. They are binding law […]
The Presidential Proclamation 10052 of June 2020, which suspended consular and embassy interviews for the issuance of H, J and L non-immigrant visa, expired on the 31st of March with no renewal action by the Biden administration. This means that […]
Presented to the Chamber, this supplementary bill aims to allow the collection of taxes on donations and inheritances of assets abroad. The bill comes in response to the recent decision of the STF on the impossibility for States to charge […]
Bill No. 4,758 / 20, which has been in deliberation in the Chamber of Deputies since October last year, deals with the trust relationship and aims to regulate trusts in the country. This structure, so far, exists only abroad and, […]
To keep up with the needs of our clients and to stay in line with the New Labor Law, Drummond Advisors now operates in the labor consultancy sector. As a result of the 2017 labor reform, a new Labor Law […]
The STF has decided in their judgment regarding Extraordinary Appeal 796,376, Theme 796, with general effects, that the immunity of ITBI (Tax on Transmission of Real Estate), provided for in the Federal Constitution in art. 156, §2nd, II, does not […]
By Daniel Rangel In 2020, we were all caught off guard with the COVID-19 and its impact on diverse legal affairs. It was no different for Labor Law, where companies and employees had to urgently adapt themselves to a new […]
By Aline Moreira Due to the escalation of the Covid-19 pandemic in Brazil, some immigration-related services have been temporarily suspended, or attending the public has been reduced. The Federal Police in Belo Horizonte (MG), for example, canceled all appointments from […]
By Aline Moreira Did you know that after the entry into force of the New Immigration Law, providing technical services gave rise to the creation of two different types of residence permits? The first of these, which will be analyzed […]
On Thursday, February 18th, the Federal Supreme Court (STF) concluded its judgment on the taxation model regarding software licensing. With a majority vote, the jurisprudence of more than two decades was changed to define that the Services Tax (ISS) will […]
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 […]
Last Tuesday (09), the United States Citizenship and Immigration Services stopped applying the restrictions that were related to the Public Charge that had been in force since October 2019. Starting now, USCIS will apply the public charge inadmissibility statute consistent […]
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 […]
By Lucas Gotelip & Louanni Cesário With the current restrictions on entry to the United States imposing a mandatory quarantine period for people who were physically present in countries considered high risk, such as Brazil, and with the suspension of […]
By Louanni Cesário and Victor Braga The Student and Exchange Visitor Program (SEVP) has been deeply affected by the COVID-19 pandemic due to the travel bans and the reduced operations of embassies and consulates around the world. Urges to highlight […]
By Adriana Lemos and Camila Cabral Last Friday, the 26th of February, the Supreme Federal Court (“STF”) concluded its judgement on Extraordinary Appeal (“RE”) No. 851108, regarding the possibility for states to charge Tax on Inheritance tax and Donation (“ITCMD”) […]
On the 24th of February, the President of the United States, Joe Biden, rescinded the measure that restricted entry for certain immigrant visas. Starting on that date, the following visas are allowed to be applied for and to enter in […]
The Individual Income Tax Declaration (IRPF) season in Brazil takes place every year, from March to April. Delays in submitting this obligation, which must be fulfilled by all Brazilian tax residents, can result in a fine of R$ 165.74, which […]
The Tax return season in the United States, which started on the 12th of February, is expected to end on the 15th of April. During this period it is very common for questions arise regarding the situations where taxes are levied […]
In the midst of the coronavirus pandemic and a starting new fiscal year, companies with US branches must pay attention to the deadlines for their tax obligations. In order for you and your company to stay up to date with […]
On February 18, the Federal Supreme Court concluded its judgement on the taxation model for software licensing. With a majority of votes, the jurisprudence of more than two decades was changed to establish that the Service Tax (ISS) will be […]
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 […]
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 […]
By Aline Moreira In this article, we will analyze Normative Resolution No. 11/17, which oversees the granting of residence permits to immigrants who come to Brazil to assume the position of administrator, manager, director or executive with management powers, in […]
On the 5th, USCIS published the schedule for the H-1B FY2022 visa registration period. From the 9th of March 2021 to the 25th of March 2021, prospective petitioners and their representatives will be able to register through electronic registration. Schedule […]
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 […]
The 2021 season for account reporting in the United States is scheduled to begin on February 12th, according to an announcement by the Internal Revenue Service (IRS), the IRS. From that date, the agency will begin receiving and processing tax […]
Did you know that the National Defense Authorization Law for the fiscal year 2021 was enacted on January 1st? And within this bill is the Corporate Transparency Act, which creates a registry of beneficial ownership within the United States Treasury […]
On Monday (25th), President Joe Biden reinstated the restrictions for entry into the country. As of the 26th of January, non-American citizens from the UK, Brazil, Ireland and a large part of Europe remain banned from entering the North-American country. […]
By Aline Moreira In this article, we will analyze the Normative Resolution No. 19/17, which oversees the granting of residence permits to foreigners who travel to Brazil to receive professional training with a Brazilian subsidiary, branch or headquarters. The target […]
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 […]
By Louanni Cesario and Ana Laura Castro The H1B visa is aimed at foreign professionals, more specifically, aimed at a specialized workforce which is not easily found in the USA, that is, graduated professionals with very specific experience in their […]
Last Thursday, the 31st, President Donald Trump extended until March 31st, 2021, the proclamation that affects the issuance of new work visas such as L, H and J at embassies and consulates, as well as consular interviews for green card […]
By Clara Couto and Fernanda Marques On the 1st of December 2020, the Ministry of Economy released Circular Letter SEI nº 4081/2020/ME, in response to the consultation carried out by the Commercial Board of the State of Sao Paolo (JUCESP), […]
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 […]
By Laura Góes and Louanni Cesário 2020 was undoubtedly one of the most challenging years when it comes to immigration. With the advent of the COVID-19 pandemic and the everchanging worldwide scenario, new policies and proclamations were put in practice […]
By Louanni Cesario and Juliana Dias On January 20, 2021, the United States will welcome its 46th president, Joseph (“Joe”) Biden, and with that, a new proposed immigration policy. During his campaign, Biden proclaimed that “Immigration is essential to who […]
By Breno Torquato and Aline Moreira Following the analysis of the normative resolutions implemented after the new migration law came into force, in this article we will analyze RN 35/18, which regulates the granting of temporary visas and residence permits […]
By Fernanda Marques Brazilian notary public’s offices will now offer a new digital authentication system for documents, through E-notary site (https://cenad.e-notariado.org.br/autenticidade). Upon the receipt of the original document, the notaries can authenticate in PDF format, including an authentication stripe in […]
Second Panel of STF recognizes the possibility of approving a foreign sentence without the need for for summons by rogatory letter By Fernanda Marques and Marcella Reis In Brazilian law, procedural acts that go beyond national borders and that may […]
By Fernanda Marques Recently, the Central Bank of Brazil (BCB) and the National Monetary Council (CMN), have approved new rules in the implementation of a regulatory sandbox, and initiative which will permit entities to test innovative projects in the areas […]
By Camlia Cabral In August 2020, the National Monetary Council (“CMN”) published Resolution No. 4,852, bringing new rules to non-resident investors in the Brazilian capital market. Among other provisions, this Resolution assigned the Securities and Exchange Commission (“CVM”) to provide […]
By Fernanda Falconi On the 17th of November 2020, close to the payment of the first instalment of the 13th salary (A thirteenth salary, or end-of-year bonus, is an extra payment given to employees at the end of December), the […]
On the 4th of November, the Federal Supreme Court (STF) started a review of the taxation model on software licensing. Six of the nine ministers formed a majority with regards to the ISS levy, both for the so-called off-the-shelf software, […]
Fernanda Falconi talks about the latest information released by the Brazilian Federal Government in the Technical Note 51520 ME. Watch the video! If you have any questions, get in touch with us by email: info@drummondadvisors.com
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 […]
According to a public enquiry launched on November 12, the Central Bank (BC) intends to simplify the transfer of remittances abroad. According to the Central Bank, the proposal aims to modernize foreign exchange regulation, taking into account technological innovations aimed […]
If you have a Single-Member LLC (1 owner) that is foreign-owned, then you need to file Form 5472 and Form 1120 every year Article published at LLC University® A few important notes: 1. This article is written for non-U.S. residents […]
By Lucas Rodrigues Gotelip and Louanni Cesário The Department of Homeland Security (DHS) has recently decided to revoke or not renew over 1100 OPT permits for students in the United Sates, which has created much apprehension for international students the […]
By Breno Torquato e Aline Moreira With the coming into force of a new immigration law, the categories of visas and residence permits are now regulated by new standardized instructions, including the option for individual investors. The requirements for this […]
Last October, Joint Ordinances RFB / SEPRT nº 76 and 77 launched a new form for eSocial, the platform for information registration aimed at meeting labor, tax and social security obligations. Due to its complexity, owing to the quantity of […]
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 […]
The 2020 presidential election in the United States, which officially takes place next Tuesday, November 3, has already reached a record of early votes: about 70 million voters voted in advance this year. The number is equivalent to more than […]
Hello! Drummond Advisors is now a partner with NetSuite and is officially licensed to instal and manage NetSuite in Brazil and the United States. Don’t know what NetSuite is? NetSuite is a platform that offers tools to simplify global financial […]
The recently launched project aims to consider at least 10 startups with an estimated US$150 thousand of support for each According to its mission of being the most active micro venture capital in Latin America, Bossa Nova Investments, a manager […]
By Camila Cabral In August 2020, a new Complementary Law Project (“PLC” – n° 218/2020) was submitted that aims to create the Social Contribution on Digital Services (“CSSD”), whose use of resources would be a basic income program for the […]
By Ana Laura Castro, Ana Carolina Gorrera e Juliana Dias WHAT IS A GREENCARD A Green Card is an authorization to live in the United States that confers the status of permanent resident (“Lawful Permanent Resident” or “LPR”). In some […]
As announced on 16th, the United States Citizenship and Immigration Service (USCIS) has increased fees for Premium Processing, the service that allows for petitioners to have their petition processed in 15 days. The new rates are valid as of October […]
On the 24th of September, Supplementary Law 175/2020 was published which establishes rules for the collection of ISS with regards to services provided by the municipality where the consumer is located (destination), and no longer by the host city of […]
The pandemic has brought many changes to the Brazilian workplace and, every day, with these changes come more laws to allow it to adapt better to the actual reality facing Brazilian companies. In this context, on September 4, Joint Ordinance […]
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 […]
By Laura Góes and Louanni Cesário The B Visas are nonimmigrant visitor visas for persons who want to enter the United States temporarily for business (B-1), for pleasure (B-2), or a combination of both purposes (B-1/B-2). The Temporary Visitor for […]
With the Coronavirus pandemic, many citizens of other countries have remained stuck on US soil for long periods of time due to the flight restrictions and closing of some borders. However, these travel restrictions could result in an individual becoming […]
Signed in August 2018, Law nº 13.709, known as the General Personal Data Protection Law (LGPD), which regulates the use and storage of personal information, came into effect on the 18th of September 2020, after being signed off by the […]
In July, the Secretary of Social Security and Labor authorized, via Ordinance n 16.655, that companies that dismiss workers without just cause during the pandemic (edited through Legislative Decree No. 06 of 2020) as a result of the coronavirus, may […]
Did you know? Brazilians with dual nationality with countries such as Italy, Spain, Germany, Argentina and others can apply for an E-2 work visa, one of the fastest, simplest and cheapest ways to work in the USA. Take a look […]
News for you who are an entrepreneur in Brazil: on August 24th, Decree 10.470/20 extended the deadline for the suspension of employment contracts and proportional reduction of wages and hours due to the ongoing crisis. Initially, Provisional Measure 936, instituted […]
Published on the 27th of August by the National Monetary Council, Resolution nº 4852, has changed the application rules for non-resident investors in Brazilian financial and capital markets. These rules apply to individuals classified as “non-resident investors”, that is, those […]
On August 25th, the US Citizenship and Immigration Service (USCIS) announced it would be shutting down its administrative procedures, as a result of the dismissal, for an indefinite period of time, of about 13,000 of its employees (the “USCIS Administrative […]
One of the barriers to internationalization has just fallen: the Ministry of Economy announced, on Monday (17), the definitive shutdown of the Integrated System of Foreign Trade in Services, Intangibles and Other Operations that Produce Variations in Patrimony – Siscoserv. […]
By Fernanda Marques Hello! Another week with news for micro and small business owners. Supplementary Law No. 174/2020, published on August 5, authorized the extinction of tax credits calculated under the Simples Nacional regime, through the execution of a dispute settlement […]
If you have values of any nature outside of Brazil, stay tuned: in July, the National Monetary Council (CMN) approved two amendments that will simplify the rules for declarations made by foreigners who have deposit accounts in reais in Brazil […]
Law 14,030/20 was published on July 29, 2020. It extends the legal deadline for holding ordinary general meetings of shareholders or partners, limited companies, limited liability companies, cooperative companies and cooperative representation entities during the year 2020. The new rule […]
Good news for micro and small business owners in Brazil. The Federal Revenue informed last month that it will not exclude defaulting companies from Simples Nacional in 2020. The decision comes as a way to help small businesses affected by […]
Published in March, Provisional Measure 927, the first measure that provided for labor rules during the pandemic, lost its validity on July 19, 2020, after being withdrawn from the agenda by the Senate. The measure eased labor rules on remote […]
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 […]
On July 6, Federal Law No. 14,020/20 was signed. The law institutes the Emergency Program for Maintenance of Employment and Income and provides for complementary measures to deal with the public health emergency of international importance resulting from the coronavirus. […]
On July 1, 2020, Normative Instruction No. 81 of the National Department of Business Registration and Integration (Departamento Nacional de Registro Empresarial e Integração – DREI) came into force. The Normative Instruction updates and consolidates the rules applicable to the […]
On July 4, President Donald Trump signed the extension to the Paycheck Protection Program, which gives small businesses affected by the pandemic more time to apply for federal credit funds. The amendment extends the deadline for loan applications under the […]
Drummond Advisors professionals gathered the most frequently asked questions related to Executive Order no. 10,014, from April 22, 2020, extended on June 22, 2020 to December 31, 2020, which suspends the issuance of non-immigrant work visas in categories H-1B, H-2B, […]
Law No. 14,010/2020, published on June 12, 2020, establishes transitory and emergency rules for the regulation of private law legal relations due to the coronavirus pandemic (Covid-19). The new law contains important provisions on prescription and decay periods, and also […]
On June 22, 2020, the extension of Presidential Proclamation 10,014 of April 22, 2020 was published, temporarily suspending the issuance of non-immigrant work visas in categories H-1B, H-2B, J-1 and L, with some exceptions which will be explored below, for […]
In an effort to mitigate the obstacles caused by the Covid-19 crisis and ensure the proper maintenance of essential services, the National Council of Justice (Conselho Nacional de Justiça – CNJ) published provision No. 100/20, determining the nationwide practice of […]
On June 5, President Donald Trump signed the Payment Protection Program Flexibility Act (PPPFA). Aimed at providing assistance to small businesses in times of pandemic, the Paycheck Protection Program (PPP), created under the CARES Act, brought with it many questions […]
The U.S. Department of Health and Human Services (HHS) is responsible for managing the U.S. Exchange Visitor Program for health research and clinical care. This program accepts waiver requests from the two-year foreign residency requirement in cases of: Research carried out in an area […]
The U.S. Citizenship and Immigration Service (USCIS) announced on May 29, 2020, that it will gradually resume premium processing for some visas made via I-129 forms (non-immigrant worker) and some green cards made via forms I-140 (petition for permanent residence […]
Due to the growing number of coronavirus cases in Brazil and the United States, President Donald Trump decided to limit the entry of citizens, of any nationality, who were physically present in Brazil in the 14 days before entering the […]
Good news for micro and small business owners in Brazil. The impact of the pandemic that stopped the country and caused many to close their doors and suffer with the uncertainty of the coming days could be minimized with measures […]
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 […]
The US Customs and Border Protection Service (CBP) has announced that Visa Waiver Program travelers can request an additional 30-day extension of their admission period if they find themselves unable to leave the United States due to the new coronavirus […]
Released by President Donald Trump on April 22, the proclamation suspends for 60 days the entry of certain immigration applications into the United States. The measure goes into effect on Thursday (April 23) at 23:59 (ET) and is temporary (initially […]
The obligation applies to individuals and legal entities residing in Brazil and whose sum of assets abroad are equal to or greater than US$ 100,000. The deadline to submit the declaration began on February 15 and ends at 6 PM on June 1, 2020. […]
Under the terms of art. 1,078 of the Brazilian Civil Code and art. 132 of Law n. 6,404, popularly known as the “Business Corporations Law”, it is mandatory for corporations to hold an Annual General Meeting (AGM). Regularly, the meeting […]
On March 17, 2020, in face of the global crisis caused by the Covid-19 pandemic, the American government ordered the temporary closure of the U.S. Embassies and Consulates in Brazil. Such measure resulted in the suspension of face-to-face assistance, as […]
In view of the recent Coronavirus pandemic, the United States has announced several changes regarding immigration services across the country. With that in mind, Drummond Advisors presents a compilation of frequently asked questions about the current immigration scenario that can […]
On January 29, 2020, the USCIS (US Citizenship and Immigration Services) announced its new policy for Form I-526 (Immigrant Petition by Alien Investor), also known as the EB-5 green card, establishing relevant modifications to the processing of its analysis. Processing […]
On January 1st, 2020, the SECURE (Setting Every Community Up for Retirement Enhancement) bill came into force, which made extensive changes to the regulations on retirement assets. Approved by the Senate on December 19, 2019 and signed a day later […]
The H-1B visa, intended to fill technical positions with professionals who have a bachelor’s degree or higher, will undergo changes in the deadline and form of processing in 2020. From now on, H-1B visa applications must first be submitted through […]
Recent efforts to end the OPT program have been discussed in the media since last year. Actions promoted by entities and congress people contrary to the existence of the program worry foreign students throughout the country. The Optional Practical Training […]
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 […]
Data from the Open Doors report, released by the International Institute of Education (IIE) and the US Department of State, revealed that Brazil is 9th in the ranking of countries sending most students to the United States in the 2018/2019 […]
Brazil and the United States have taken the first step towards facilitating travelers’ entry into the United States. With the Global Entry program, frequent traveler to the U.S. will be able to enter the country using automatic kiosks and skipping […]
Breno Torquato The Brazilian Federal Supreme Court ruled, on November 7, 2019, by a narrow decision (6 votes in favor and 5 against), for revoking the possibility of arresting convicted defendants before all possible appeals are exhausted in court. Until […]
Published on November 12, 2019 in the Federal Official Gazette, Provisional Measure n. 905 establishes the Green and Yellow Labor Contract, changing labor legislation and bringing a series of facilitations to the entrepreneur. The new hiring modality aims to create […]
Pedro Drummond The Brazilian pension reform is finally approved and represents a major improvement to the economy. Cost of the public pension system is by far the most relevant factor in the public sector deficit, which in turn prevents the […]
Recently, United States Citizenship and Immigration Services director Ken Cuccinelli confirmed that he was, along with the Trump administration, increasing bureaucracy for US companies to hire foreign employees. According to USCIS own data, the H-1B (work visa for skilled professionals) […]
Marina Breves Besides the possibility of creating a Sociedade Limitada — the Brazilian version of a Limited Liability Company — by just one member (which was not a possibility before), the Economic Freedom Law (Lei da Liberdade Econômica, Law n° […]
On Oct. 4, US President Donald J. Trump issued a proclamation stating that visas will be denied to immigrants who do not have health insurance or the financial means to afford their own health. Under the new rule, the foreign […]
In accordance with Decree n. 58.701/2019 and Resolution 130/AMLURB/2019 of April 4, 2019, all companies based in São Paulo must register with the Waste Transport Control (Controle de Transporte de Resíduos – CTR-E). CTR-E is a monitoring and traceability system […]
On August 14 was published, in the Federal Register, changes in the US immigration regulations. Signed by President Trump, the new rule states that as of October 15 this year, US residency applications submitted by citizens who are likely to […]
The sale or exchange of virtual currencies by individuals or companies, in addition to use in exchange for goods or services or as an investment, generally has tax consequences that may lead to tax obligations. This month (August 2019), the […]
The US Congress recently opened a Senate discussion about delays in the process of immigration to the United States. In January this year, the American Immigration Lawyers Association (AILA) analyzed data from the United States Citizenship and Immigration Services (USCIS) […]
The United States Patent and Trademark Office (USPTO) recently announced a major change in the rules for applying for foreign trademark registration in the country. The change establishes that all foreign trademark applicants must be represented by a US licensed […]
Decree n. 9,904, signed by the Brazilian President on July 8, 2019, provides for the reduction to zero of the income tax rate on commissions paid by exporters to their agents abroad. As a result, Brazil is expected to increase its competitiveness […]
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, […]
By Pedro Drummond and Giulia Porto* One of the recommendations we give our clients at the beginning of the trademark registration process in the United States is to choose a name that avoids any controversy — that is, don’t use […]
Registering the name, colors and images of your company is an important step to protect it, especially if you have plans to explore the international market. This measure has just gained a push from the Brazilain government: with the country’s accession to the Madrid Protocol, the trademark […]
New rules for obtaining entry visas in the United States came into force on May 31. One of these new measures imposed by the US government is raising a lot of controversy: now, in addition to the usual documentation, you […]
If you are a member of a partnership or limited liability company and you fill out Form 1065 (Partnership Income Tax Return) annually, you must designate an individual or company to answer for the company in the United States. The […]
US Federal Revenue Service Re-evaluates Exemptions and Questions Brazilians Foreign students living in the United States can be classified as US tax residents and be in debt with the US Treasury. The alert is made by tax consultant Bruno Drummond […]
US Treasury now requires original signatures An important resource in tax planning for businesses in the United States may be getting a bit more difficult: it seems mandatory now to include original signatures (or signatures that are clearly not electronic […]
The deadline for submitting form BE-15 to the Bureau of Economic Affairs (BEA) is coming to an end. Learn more about it: Who should submit the BE-15 form? US companies that have one or more foreign partners (individuals or legal […]
New US Internal Revenue rule affects Brazilian entrepreneurs Brazilians who want to start a business in the United States need to be aware: the IRS has issued a new rule that can disrupt many people’s plans. The rule, which comes […]
Enrolling your children in a public school in the United States without them having the proper visa can bring serious consequences. That’s right: attending a public school using only a tourist visa (B-1/B-2) can result in the cancellation of said […]
Whoever left Brazil permanently or temporarily in the year 2018 — for whatever reason, such as work or study — must regularize their exit with the Federal Revenue Service. The first step is to send the Communication of Definitive Exit […]
Those who invest abroad must pay attention to the submission of the annual declaration of Brazilian Capitals Abroad (Capitais Brasileiros no Exterior –CBE). Individuals or companies residing in Brazil that on December 31, 2019 had at least the equivalent of US$ 100,000 in investments […]
The US government shutdown began on December 22, 2018 and shows no signs that it is nearing its end. With the deadlines for submitting important forms to the Internal Revenue Service (IRS) approaching, doubts about tax obligations, tax returns and […]
What is the new revenue recognition standard The Financial Accounting Standards Board (FASB) issued in 2014 , by means of the ASC 606 Revenue from Contract with Customers, a few norms and standards related to revenue recognition in accordance with […]