Judgment Schedule – Exclusion Of The Iss Of The Pis/cofins Taxable Bases

After the decision of the Federal Supreme Court (“STF”) on the unconstitutionality of the inclusion of the ICMS in the PIS/COFINS taxable bases, the Extraordinary Appeal (“RE”) 592.616/RS (Topic 118) will now decide on the unconstitutionality of the inclusion of the Tax on Services – ISS in the PIS/COFINS taxable bases. RE was included in […]

New Capital Markets Partner

We are delighted to announce to our clients, and friends the arrival of a new Capital Markets partner of Santos Neto Advogados: Matheus Zilioti, professional with more than 10 years of experience in this area. Matheus Zilioti represents national and foreign companies from the most diverse industries in structuring of finance transactions, including new investments […]

Quinquennial Census of Foreign Capital in Brazil – 2021

On July 1st, 2021, begins the period to submit the information return of the Quinquennial Census of Foreign Capital in Brazil, base date of December 31st, 2020 (“Information Return”) before the Brazilian Central Bank (“BACEN”). The deadline for the file of the Information Return is August 16th, 2021, 4:00 p.m.   The Quinquennial Census return shall […]

ICMS on the taxable basis of PIS and COFINS – Federal Supreme Court decided on the modulation of effects and the formula criteria

In March 2017, the Federal Supreme Court (“STF”) decided on the Extraordinary Appeal (“RE”) No. 574,706 that the Tax on the Circulation of Goods and Services (“ICMS”) must not be included in the taxable calculation basis of the Social Contributions – Social Integration Program (“PIS”) and Contribution for the Financing the Social Security (“COFINS”). Following the […]

Inheritance GIft Tax (“ITCMD”) and Exterior

Brazilian States and the Federal District (“States”) do not have the legislative competence to institute the collection of the Tax on Inheritance / Gift (“ITCMD”) in the case of donations and inheritances instituted abroad. Superior Federal Court (“STF”) judged item 825 with general repercussion (valid to all taxpayers – Extraordinary Appeal No. 851.108/SP) and decided […]

IOF Credit – Revocation of the 0% rate

Decree No. 10,551 / 2020 was published today, revoking the reduction of the 0% IOF Credit rate, previously valid until December 31 (See Newsletter – IOF Credit – 0% – December 31th, 2020). Therefore, credit transactions contracted as of tomorrow (November 27), were again charged by IOF Credit according to the type of credit transaction […]

Senate Approves Bill of Law That Changes The Brazilian Bankruptcy Law (11.101/05)

At a vote held yesterday, the Senate approved the Bill of Law # 4.548/20, that changes several articles of the Law 11.101/05, that regulates the institutes of the Judicial Restructuring, the Extrajudicial Restructuring and the Bankrutpcy proceedings. The final text will follow for presidential sanction. Among the main changes brought by the Bill of Law […]

Circular No. 43/2020, dated as of October 15th, 2020 – ANBIMA

New Certifications for Third Party Asset Managers On October 15th, 2020, ANBIMA released Circular No. 43/2020 (“Circular 43”), which provides for a new certification model for third party asset managers aiming to meet new demands imposed on these professionals due to the market evolution. The traditional ANBIMA Managers Certification – CGA is now divided into […]

IOF Credit – 0% – December 31st, 2020

In addition to Decrees 10.305/20 and 10.414/20 (Please refer to Newsletter- “Government extends deadline for the application of the 0% rate of the IOF-Credit”), Decree 10.504/20 was published, postponing to December 31 the term for the 0% rate of the IOF-Credit for the following hypotheses: credit transactions; extension, renewal, novation, composition, consolidation, debt confession and […]