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The Democratic Memorial Law, also known as the ” Grandchildren’s Law”, is a new Spanish legislation that facilitates the access to recognize the Spanish citizenship for a certain period, which ends on 10/21/2024 (with the possibility of extension until 10/21/2025). The current Spanish Citizenship Law, enforced since 2007, only allowed the sons and daughters of …

“Grandchildren’s Law” makes it easier to obtain Spanish Citizenship Read More »

The Internal Revenue Service (IRS) is reminding US taxpayers living outside the US territory to be aware of the June 15th deadline: this is the due date for filing the 2022 federal income tax return. This deadline applies to all taxpayers who have their residence outside the United States or Puerto Rico, as well as …

IRS reminds taxpayers living and working outside the US about the June 15th tax deadline Read More »

The Central Bank of Brazil (Bacen, acronym in Brazilian Portuguese) and the National Monetary Council (CMN, acronym in Brazilian Portuguese) published recently regulations on data sharing in the financial sector. These measures aim to promote security and transparency in the use of information by institutions authorized by Bacen. Data sharing in the financial sector refers …

Bacen and CMN announce rules on data sharing in the financial sector Read More »

Last Sunday (04/30), the government published a Provisional Measure (MP) that may tax financial remittances made to tax havens at up to 22.5%. This measure was taken in order to compensate for the increase in the exemption range of the Income Tax for Individuals (IRPF). The government expects to collect R$3.2 billion this year alone. …

Government publishes MP that taxes tax havens at up to 22.5%, justification is to compensate for the increase in the income tax exemption Read More »

The delivery of the IR 2023 starts this Wednesday (15), with new rules and an extended deadline. The expectation is that the Federal Revenue will receive between 38.5 million and 39.5 million documents by May 31, the final deadline for rendering accounts. One of the novelties is related to trading on the stock exchange. This …

Delivery of IR 2023 starts this Wednesday (15), check new rules and deadline for statement Read More »

The Central Bank of Brazil (BC) released its obligations schedule for  2023. See the schedule of obligations before the BC, the delivery time and which audience is responsible for each statement. Statement Type Registration Date Delivery Time Audience who must state   RDE IED STATEMENT- Including the Corporate Framework Origin Event Date 30 DAYS OF …

Learn about the obligations with the Central Bank of Brazil for 2023 Read More »

Many times, we think that layoff of employees could be the solution to reduce costs, but is this the best option? For many people, payroll cost reduction must occur via layoff; however, it is not the most recommended measure, as it implies in loss of workforce and production capacity. There is other way to reduce …

Tips to reduce your payroll costs Read More »

President Jair Bolsonaro (PL) vetoed the bill that changes the system for disregarding legal personality (PLC 69/2014), which had been approved by Congress. The veto was published in the Official Gazette of the Union on Wednesday (12/14). According to the Senate Agency, the text provided that the disregard of legal personality could be triggered when …

Government vetoes PL that holds partners responsible for company debts Read More »

The British Virgin Islands (BVI) Companies Act and the BVI Companies Regulations have been updated with important changes. The amendments are effective as of January 1, 2023, for companies included in this jurisdiction. The main amendments to the Commercial Companies Law were: Abolition of Bearer Shares: The bearer share system was completely abolished. Until July …

Important updates to British Virgin Islands (BVI) legislation Read More »