Weekly Articles

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Compliance in Brazil: Communication

By Edmo Colnaghi Neves Today we deal with another essential element for a successful Compliance and Integrity Program: Communication. It is a concept that is of the utmost importance for the implementation, development, and maintenance of any compliance program in Brazil. Communication is, of course, also critical for Risk Management and Corporate Governance.

Compliance in Brazil: The Code of Conduct

By Edmo Colnaghi Neves The Code of Conduct is essential to any company’s Compliance and Integrity Program. After creating a “tone at the top” atmosphere – which requires full leadership commitment – and conducting all necessary risk assessments, it’s time to draft the Code of Conduct, considering the probability of the risks and their potential […]

Private Letter Rulings and Taxation of Cost-Sharing Agreements in Brazil

By Roberto P. Vasconcellos Cost-sharing agreements are not about service rendering. The former only purpose is to allocate costs to legal entities within a corporate group. There is no rendering of services within the corporate group. For this reason, the reimbursement of costs should not be taxable. In Brazil, cost-sharing agreements are not regulated by […]

Brazil Considers Extraordinary Tax on Large Corporation Profits

By Priscila Lucenti Estevam Using the Covid-19 pandemic as a justification, a law project under review in Brazil’s House of Representatives proposes the creation of an extraordinary tax on the past profit of large companies. At the end of March, lawmaker Wellington Ribeiro submitted Complementary Law Project (PLP) No. 34/2020 to the House of Representatives, which […]

Perspectives on the Possible Dividend Taxation in Brazil

By David Roberto R. Soares da Silva and Roberto P. Vasconcellos Reforming the Brazilian tax system seems to be a need recognized by tax professionals, entrepreneurs, executives, and all government levels. The recognition of this need has been further reinforced by the global pandemic that hit Brazil, which, simultaneously, caused a considerable increase in public […]

Brazil wants to tax digital services

By Priscila Lucenti Estevam Brazil’s Congress will review a bill that creates a new tax on digital services provided to local customers. If approved, the new tax should reach major multinational companies that offer digital services to Brazilian customers, including those without a local presence.

No, you are not immortal, so…

By David Roberto R. Soares da Silva You need a will in Brazil.

Código de Conduta e Compliance

Por Edmo Colnaghi Neves O Código de Conduta pode ser uma ferramenta estratégica dentro de um programa de compliance se for construído de modo apropriado, com as premissas necessárias, conteúdo relevante e divulgação e treinamento que o faça parte da cultura viva da organização, de tal forma que os funcionários e partes interessadas na organização […]

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