Compliance Tag Archive

Brazilian Companies: Non-Residents Can Become Executive Directors

Non-residents (Brazilians or foreigners) can now be executive directors of Brazilian companies. Brazil’s legal framework continues to improve, with this being another step...

New Rules on Giving Gifts and Providing Hospitality to Brazilian Federal Officials

New regulations set out rules about the giving gifts and providing hospitality to Federal Brazilian public officials....

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. ...

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...