General Data Protection Law’s effectiveness and creation of the National Data Prot…

The Federal Senate approved, on 26 August 2020, the conversion of the Provisional Measure 959/2020 into law (“Law”), but rejected the postponement of the entry into force of the General Data Protection Law (“LGPD”), which was provided for in article 4 of that Provisional Measure. The Law will now go to the President of Republic […]

Quarterly Information of Brazilian Capital Abroad

The submission of the Quarterly Information of Brazilian Capital Abroad (Declaração Trimestral de Capitais Brasileiros no Exterior – “Quarterly DCBE”) regarding to the base date of September 30, 2020 starts on October 31, 2020, ending on December 5, 2020 at 6 p.m.. As per our previous newsletters regarding this matter, the submission of the Quarterly […]

Reduction of Work Hours and Wage and Contractual Suspension – Extension of Time (D…

Decree no. 10.422, of July 13, 2020, extended the deadline for entering into work hours and wage reduction agreements and contractual suspension, pursuant the following terms: Reduction of work hours and wage: extension for thirty (30) days, limited to the total period of one hundred and twenty (120) days – successive or interspersed period; Contractual […]

BACEN’s Next Deadlines – Quarterly Information of Brazilian Capital Abroad a…

Information of Brazilian Capital Abroad: According to the Circular No. 3995 published on March 24, 2020 by the Brazilian Central Bank (“Bacen”) on an extraordinary basis and motivated by the Covid-19 pandemic effects, the deadline for the submission of the Quarterly Information of Brazilian Capital Abroad (Declaração Trimestral de Capitais Brasileiros no Exterior – “Quarterly […]

Emergency program for the employment and income maintenance: law n.. 14.020 – july…

On July 6, 2020, Law No. 14.020/2020 was officially published, object of the conversion of Provisional Measure No. 936/2020, which instituted the Emergency Program for the Employment and Income Maintenance. This law, in summary, maintained the reduction periods of working hours and wage and suspension of the employment contract, as initially provided, that is, ninety […]

STF judges as constitutional the rule that raised the insurance companies’ net income tax

During a plenary session held on June 15th, the Federal Supreme Court (STF) dismissed the Direct Action of Unconstitutionality (ADI 5485) filed by the National Confederation of General Insurance, Private Pension and Life, Supplementary Health and Capitalization Companies (CNSeg) to challenge the Law 13.169/2015, which raised the Social Contribution on Net Income (CSLL) rate from […]

STJ : third panel of the superior court recognizes the vality of adjustments of the prem…

In a recent decision, the Third Panel of the Superior Court of Justice (STJ) revised its understanding, enabling the readjustment of life insurance by age group. This, in fact, was already the understanding adopted by the Fourth Panel of the STJ since March 2019. The plaintiff claims that, in the period from 2002 to 2014, […]

TST accepts the use of court bond with fixed insurance period

In a recent decision, the Fourth Panel of the Superior Labor Court (TST) reformed the understanding of the Regional Labor Court of the 3rd Region (MG), allowing the presentation of a court bond policy with fixed insurance period, in order to replace the appeal´s deposit to pay labor costs. The Regional Labor Court of the […]

COVID-19: Effects on Taxation in Brazil

Our tax team periodically release an official Informative that covers all the new tax laws and measures adopted by the Federal Union, Rio de Janeiro and São Paulo States and their capitals to minimize the COVID-19 impacts. Click here to read about the tax measures already taken in Brazil.

Brazilian securities commission enacts rule for digital general meetings of debt securit…

The Brazilian Securities Commission (“CVM”) enacted on May 14th, 2020 the Instruction No. 625 (“ICVM 625”), which provides for the remote attendance and vote in general meetings of debentures’ holders and amends provisions of the CVM Instruction No. 476 enacted on January 16th, 2009 (“ICVM 476”), and of the CVM Instruction No. 583 enacted on […]