Modernization of the Aircraft Registration Process and Other Changes
Resolution no. 597, dated November 25, 2020, published by the National Civil Aviation Agency (“ANAC”), is one more of the measures of the Simple Flight Program, launched by the Federal Government together with ANAC, and brought amendments to Resolution no. 293 of November 19, 2013 that provides for the Brazilian Aeronautical Registry (“RAB”) (“Resolution No. […]
TAX REFORM – BILL NO. 3.887/2020
Bill no. 3,887/2020 sent by the Federal Government to the National Congress foresees the implementation of the Tax Reform in phases, and it is certain that in this first moment, it was proposed the merger of PIS/PASEP and COFINS into a single tax called Contribution on Goods and Services – CBS, whose rate will be […]
THE AMOUNT SPENT WITH TRANSPORTATION VOUCHERS BY LEGAL ENTITIES CAN BE CONSIDERED A CREDIT FOR PIS AND COFINS PURPOSES
On January 18, 2021, the Tax Division (Disit) of the 7th Fiscal Region (Espírito Santo and Rio de Janeiro) of the Brazilian Federal Revenue Service published Consultation Solution No. 7,081, which established that the amount spent with transportation vouchers by legal entities is considered a credit for PIS and COFINS purposes. According to the aforementioned […]
Special Labor Payment Plan
The Special Labor Payment Plan was not created recently because of the pandemic crisis we went through. However, it can be an interesting tool to get through these times of crisis. The so-called PEPT is included in the Consolidation of the Provisions of the General Corregedoria da Justiça do Trabalho, in its articles 151 to […]
PAYMENT OF CAPITAL STOCK WITH CRYPTOACTIVE
The Ministry of Economy (ME), through the Special Secretariat for Debureaucratization, Management, and Digital Government, published last December 1st the Circular Letter SEI No. 4801/2020, which determines the possibility of using cryptocurrencies – such as Bitcoin – to pay for the capital stock of companies and as a means of payment in any corporate transactions. […]
EXCESSIVE USE OF CELL PHONES AT WORK CAN LEAD TO UNFAIR DISMISSAL
The Regional Labor Court of Minas Gerais recently unanimously upheld a verdict of merit in which it recognized the validity of the dismissal for just cause of an employee who made excessive use of a cell phone during work. Based on the evidence, the judge classified the conduct as “negligence”. As it is known, just […]
General Data Protection Law comes into force in Brazil
The General Data Protection Law – Law No. 13,709 (“LGPD”), which deals with the treatment and privacy of data subjects in Brazil, went into effect on September 18, 2020. Administrative sanctions, on the other hand, foreseen in the LGPD, will only begin to be applied as of August 1, 2021. Those who fail to comply […]
Pix – The New Payment Method from the Brazilian Central Bank
Pix is the payment arrangement of the Central Bank of Brazil, announced in February this year. The new payment method promises instant, 24/7 transfers at extremely low costs. In addition to transferring money between Pix accounts, it will be possible to pay consumer bills, bills, taxes, and fees. A major impact is expected throughout the […]
Law 14.030/2020 foresees the possibility of access to the resources of the National Civil Aviation Fund
The National Civil Aviation Fund (“FNAC”) was established by Law 12,462, of August 4, 2011, recently amended by Law 14,034, of August 5, 2020, which converted Provisional Measure (“MP”) No. 925, of 2020. Article 63 of Law 12,462 establishes the FNAC as accounting and financial in nature, linked to the Civil Aviation Secretariat of the […]
SPAC: A New Alternative for Fundraising
With the global financial crisis driven by the pandemic of the COVID-19 virus, there has been an intensification of public offerings of stocks, while more conservative investments have dropped sharply. Due to a greater demand for variable income assets, companies have been seeking new ways to raise funds, and new models are gaining relevance and […]