Compliance Tag Archive

Updated: Brazil-Switzerland Double Tax Agreement Signed

Brazil and Switzerland have entered into a double tax agreement. The Convention for Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax...

Brazilian Data Protection Agency is Created

One of Michel Temer’s last acts as Brazil’s President was to set up the much-anticipated National Data Protection Agency. Provisional Measure 869/2018 was published on 28...

Blockchain Adopted by Brazil’s Tax Authority

On 21 November 2018, Brazil’s Federal Revenue Department published an amendment to Regulation RFB 1,649/2016 bringing blockchain technology to the Federal tax compliance system...

Brazil-China Customs Agreement in Force

On 30 October 2018, Federal Decree 9,542/2018 was published in the official gazette. The Brazil-China Agreement on Mutual Administrative and Customs Matters was signed by the...

Less Corporate Requisitions = Quicker Turnarounds

Quick Read: Corporate registrations will be faster, as requisitions will be standardised and more limited. Powers of officers at Companies Registries have been reduced. This is...

Agents Targeted for Money Laundering and the Financing of Terrorism

On 9 May 2018, the Brazilian Council of Control of Financial Activities (known as “COAF”) issued a new resolution (Resolution COAF 30/2018) targeting persons who act in the...

All Contracts Subject to New Rules: Ministry of Employment

Brazil’s employment law reform (Law 13,467/2017) came into force on 11 November 2017. To avoid issues relating to its interpretation, Brazil’s President issued Provisional...

Improvements to Brazilian Central Bank Rules on International Capital Flows

On 9 March 2017 the Central Bank of Brazil (“BACEN”) published Circular DC/BACEN 3,883/2018. This regulation amends two key BACEN regulations: Circular 3,689/2013 (which...

Brazil takes further steps towards meeting OECD requirements

On 10 November 2017, Brazil’s Chamber of Foreign Trade (Câmera de Comércio Exterior, known as “CAMEX”) passed a new resolution (Resolution 88/2017) regarding a new...

New Rules for Registration of FDI

The Brazilian Central Bank’s Resolution 4,533/2016 has brought about changes to the registration of foreign investment in Brazil. Now the individual or legal entity registering...