PIS and Cofins credit on LGDP expenses

Posted by & filed under Article, Souza, Mello e Torres in the news.

Law No. 13,709 of 2018, known as the General Data Protection Law ("LGPD"), in order to protect fundamental rights, promoted changes in the processing of personal data in Brazil, establishing standards that must be respected by public and private entities. In order to ensure this protection, the companies that handle and store the data have… Read more »

Linking IRPJ to tax collection creates insecurity in the business environment

Posted by & filed under Souza, Mello e Torres in the news.

Bruno Sartori, partner at Souza, Mello e Torres, spoke with Brazilian legal broadcast Jota about the insecurity in the business environment created by the link between the regressive tax rates of the Corporate Income Tax (“IRPJ”) and the federal government’s tax revenues. This content is only available in Portuguese, to know more about the Brazilian… Read more »

The term for submitting the Five-Year Census ends on August 16th

Posted by & filed under Article, News, Souza, Mello e Torres in the news.

The Central Bank of Brazil regulated through Circular No. 3.795/2016 the annual and quinquennial censuses of foreign capital in Brazil, the Quinquennial Census being defined as the one referring to years ending in 0 or 5 and the Annual Census referring to all other years. In 2021, the submission is related to the Quinquennial Census… Read more »

Administrative sanctions for violations of the LGPD come into force

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Since August 1st, 2021, Articles 52, 53 and 54 of the Brazilian General Data Protection Law (“LGPD”), which establish administrative sanctions for violations to the Law, are enforceable. In accordance with Article 52, the following sanctions are provided: warning, with indication of a term for adoption of corrective measures; fine of up to two percent… Read more »