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.
Federal Supreme Court (STF) forms a majority to rule out Inheritance Tax (ITCMD) on Free Benefit Generating Plan (PGBL) and Free Benefit Generating Life Insurance Plan (VGBL) pension plans
The Federal Supreme Court (STF) formed a majority to rule out Inheritance Tax (ITCMD) over the amounts of private pension plans called Free Benefit Generating Plan (PGBL) and Free Benefit Generating Life Insurance Plan (VGBL) in the event of death of the holder, when discussing Precedent-Setting Issue 1,214, with general repercussion (Appeal to the STF No. 1363013).
Federal General Attorney’s Office (MPF) and National Institute of Colonization and Agrarian Reform (INCRA) ask court to annul Eldorado’s sale transaction
The legal dispute over the sale of Eldorado Brasil—a pulp producer that owns and leases rural properties exceeding 100 undefined exploration modules (MEI)—has turned into a lengthy and emblematic case. A new chapter recently unfolded, highlighting the ongoing challenges of regulating rural land acquisitions by foreign companies in Brazil.
