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

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 […]

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

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 »

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

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 »

Learn about the obligations with the Central Bank of Brazil for 2023

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

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Government vetoes PL that holds partners responsible for company debts

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

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Important updates to British Virgin Islands (BVI) legislation

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

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Requirements for “effective ownership” reporting are outlined in a final rule issued by the US Department of the Treasury

A final rule designating what types of legal entities will be required to report information about their beneficial ownership was recently issued by the US Treasury Department’s anti-money laundering unit. This government initiative is an attempt to uncover corrupt companies that are enjoying the benefit of anonymity. It is worth mentioning that the final rule

Requirements for “effective ownership” reporting are outlined in a final rule issued by the US Department of the Treasury Read More »

The Trademark Modernization Act and the New Deadline for Responses to Office Actions

Pursuant to new regulations implemented through the Trademark Modernization Act, as of December 3, 2022, the deadline for submitting responses to Offices Actions in trademark registration processes with the USPTO will be reduced from 6 months to 3 months. The intention is to reduce the analysis time of registration requests, allowing for a faster outcome.

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STF suspends judgment on Brazil’s unilateral withdrawal from ILO Convention 158

ILO (International Labor Organization) Convention 158 was approved at the 68th meeting of the International Labor Conference in 1982, and came into force internationally in 1985. In Brazil it was ratified on January 4th, 1995, but its legal effectiveness was only confirmed by Decree nº 1,855, from April 10th, 1996. However, after seven months in

STF suspends judgment on Brazil’s unilateral withdrawal from ILO Convention 158 Read More »

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