Public Consultation for Regulatory Good Practices on Foreign Trade

Brazil’s Executive-Secretariat of the Foreign Trade Chamber (“CAMEX” being its Portuguese acronym) proposed a draft for good practices on foreign trade regulations based...

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...

New Law Brings Pragmatism to Brazilian Judicial and Administrative Decisions

Key Points Law 13,655/2018 (the “Law”) came into force on 26 April 2018. The Law introduces important changes to the decision-making process at both administrative and...

Working Holiday Visa Agreement Between Brazil and France Now in Force

On 11 April 2018 the bilateral working holiday visa agreement signed between Brazil and France on 12 December 2013 was formally published (via Presidential Decree 9,342/2018)....

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...

Tax Havens and Privileged Tax Regimes’ List Changed

On 26 December 2017 the Brazilian Federal Revenue Department (“RFB”) issued a new regulation (Normative Instruction 1,773/2017). This new regulation amends the key piece of...

Mining Royalties Changed Again; Changes to the Mining Code Reversed

Mining Royalties On 19 December 2017, Law 13,540/2017 was passed, bringing material changes to the calculation methods and rates of the financial compensation for the...

Brazil updates double taxation agreements with India, South Africa and South Korea

On 15 October 2013 the Brazilian and Indian governments signed the amending Protocol to the Brazil–India Double Taxation Agreement. The Protocol amends the Agreement’s article...

RFB’s Private Ruling confirms that most taxes are not payable on commissions to foreign agents

On 10 December 2017, Brazil’s Federal Revenue Department’s (“RFB‘s”) Private Ruling DISIT/SRRF06 6,603/2017 was published addressing the applicable taxes on...