Senate approves AI Legal Framework
The approved text introduces significant changes compared to the initial draft of the bill and may still be revised during discussions in the House of Representatives.
Tax reform may impact prices and business models
Water bills and car rentals, transactions that today are beyond the scope of the State Tax on Goods and Services (ICMS), the heaviest consumption tax within the current tax system, will be affected by the new Value Added Tax (IVA) introduced by the tax reform.
Tax Reform Bill approved by the House of Representatives and submitted for presidential sanction
On Tuesday, December 17, 2024, the House of Representatives passed Supplementary Law Bill No. 68/2024 (PLP), which regulates the consumption tax reform introduced by Constitutional Amendment No. 132/2023.
The Securities and Exchange Commission (CVM) rules in favor of Nelson Tanure in the Gafisa case, as he takes on a role in another retail sector negotiation
Last Wednesday (18), the Securities and Exchange Commission (CVM) issued a favorable decision to businessman Nelson Tanure in a sanctioning case involving Gafisa’s 2019 capital increase. The charge became public in October of that year and claimed that Tanure and other members of Gafisa’s Board of Directors had approved a capital increase with price conditions that were not in compliance with the Brazilian Corporations Law.
Tax Reform Bill approved by the Federal Senate
On Thursday, December 12, 2024, the Federal Senate approved Supplementary Law Bill (PLP) No. 68/2024, regulating the consumption tax reform introduced by Constitutional Amendment No. 132/2023.
Tax reform: not an ideal system, but much better, says expert
The House of Representatives approved the tax reform regulation bill on Tuesday (17) and the text goes to presidential sanction.
Ministry of Mines and Energy (MME) Ordinance defines criteria for classification of priority projects in the Oil, Gas, and Biofuels area
Ministry of Mines and Energy (MME)/GM Regulation No. 93 of December 10, 2024 (Regulation) sets the criteria and conditions for classifying projects within the scope of the Oil, Gas and Biofuels Department as priorities to issue incentivized debentures and infrastructure debentures (Debentures), as outlined in Decree No. 11,964/2024.
Tax substitution of Tax on Goods and Services (IBS) and Contribution on Goods and Services (CBS) and the Constitution
The approval of supplementary law bill (PLP) 68/2024 by the Senate on December 12 marked another key step toward simplifying Brazil’s indirect tax system. Although the transition from 2026 to 2032 adds complexity in the short and medium term due to the coexistence of two tax regimes, expectations are for a simpler system once the transition ends on January 1, 2033.
