Continuation of licensing processes
On July 1, employees from the Brazilian Institute of Environmental and Natural Resources (IBAMA) and the Chico Mendes Institute for Biodiversity Conservation (ICMBio) began a general strike in 25 States. Since the start of the year, IBAMA has been operating in a slowdown mode with reduced workforce.
The legal subordination of executive employees and the taxation of profit-sharing (PLR)
The Superior Court of Justice (STJ) recently issued a decision in the judgment of the appeal REsp 1.948.478 that a company could not deduct amounts paid to officers as Profit Sharing (PLR) and bonuses from the Corporate Income Tax (IRPJ) and Social Contribution on Profits (CSLL) tax base.
Court authorizes sale of BRL 14.5 million in State Tax on Goods and Services (ICMS) credits
A soybean exporter secured authorization from a São Paulo court to transfer BRL 14.5 million in State Tax on Goods and Services (ICMS) credits without being subject to the limits of the state government’s ProAtivo program, which would have restricted the sale to BRL 1.2 million to third parties.
Approved without impact data for the Federal District, the new law limits choice of venue
Enacted on the 5th, Law 14,879/2024 changed the rules on the choice of venue for lawsuits involving private contracts. Lawyers consulted by the online magazine Consultor Jurídico believe that the rule limits the parties’ freedom to choose the best venue for dispute resolution.
Stricter regulations in Brazil make it easier for companies to comply with European Union (EU) human rights and environmental standards
The European Union’s (EU) new rule on environmental, social, and corporate governance (ESG) is important and positive due to the growing need to regulate corporate governance practices.
Deduction of the Social Integration Program Contribution (PIS) and the Social Security Financing Contribution (COFINS) may take up to 5 years under the tax balance Provisional Presidential Decree (MP)
Large exporting companies, mainly in the soybean, animal protein, mining, and fuel distribution sectors, holding Social Integration Program Contribution (PIS) and Social Security Financing Contribution (COFINS) credits to be offset, may take up to 5 years to deduct all credits under Provisional Presidential Decree (MP) No. 1,227 governing tax balance. Different sectors are challenging the MP, calling it a decade-long setback.
Lira’s party goes to the Supreme Court against Provisional Presidential Decree (MP) on Social Integration Program Contribution (PIS) and Social Security Financing Contribution (COFINS)
The crisis triggered by a provisional measure limiting the productive sector’s use of accumulated Social Integration Program Contribution (PIS) and Social Security Financing Contribution (COFINS) credits escalated on Monday, June 10, with a lawsuit filed by the PP, the party of House Speaker Arthur Lira (PP-AL), at the Federal Supreme Court (STF).
The importance of government relations (RelGov) in Brazil’s environmental and regulatory agendas
Experts from major companies gathered in São Paulo on Friday (June 7) to discuss the private sector’s role in Brazil’s sustainability, regulatory, and legal agenda. Organized by the Institute of Government Relations (Irelgov), the second day of the III International Congress on Government Relations brought together executives from companies like Embraer, BASF, and Suzano, as well as directors from the Brazilian Telecommunications Regulatory Agency (ANATEL) and National Data Protection Authority (ANPD).
