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WTO’s Agreement on Public Procurement – Brazil seeks submissions

The Brazilian government is seeking submissions from interested private parties and civil society on whether it should join the WTO’s Agreement on Public Procurement (known as...

No income tax withheld on technical services and support on payments to Finland

The Brazilian Federal Revenue Department's new ruling confirms that no income tax is to be withheld on technical and support services supplied from Finland....

Setting Up a Company in Brazil: a Checklist

A checklist with the key issues you will need to consider when setting up a company in Brazil....

Investing in Brazil via a Share Investment Fund (“FIP”)

A share investment fund (fundo de investimento em participações, “FIP”) is a close-ended fund that operates somewhat like an investment trust. It is generally used as a...

Changes to Corporate Rules: Online Meetings and Extended Deadlines

Corporate meetings can now be held partially or totally online. This applies to publicly-held and private companies. ...

Covid-19: Emergency Credit Lines for SMEs

The Brazilian government has announced a new credit line worth R$4 billion to provide funding for the payroll at small and medium-sized enterprises as a way to assist them to...

Contract Law: Force Majeure and Hardship in Brazil

Quick read: The coronavirus (COVID-19) outbreak has caused major disruptions to businesses around the world, especially to supply chains and sales. Brazilian law can protect...

Government Procurement: Brazil Opening to Foreign Bidders

Brazil's public procurement rules have been changed to increase competition by facilitating the participation of foreign bidders....

Simplified Special Regime for Brazilian Startups

On 24 April 2019, Complementary Law 167/2019 (“Law”) was published. The Law creates a simplified system for startups. The Law defines as “disruptive companies” those...

Tax Reform: Brazil to Adopt Australian/NZ GST System

For the first time in decades, the current Brazilian government is taking actual steps to radically improve the Brazilian tax system. There are two Bills that will be backed by...