Mondaq Latin America: All Topics
This initiative is intended to enable Europe and the US to spearhead the promotion of a global system of automatic information exchange.
The Brazilian Government formally announced that Act No. 12,815/13 has reached its last step of Executive analysis and has been released by President Dilma Roussef.
The Brazilian National Agency for Waterway Transportation recently announced that terminals in the port of Santos, State of Sao Paulo, and ports in the State of Pará will be the first block of terminals to be put to bid in 2013 under the new Ports Law.
Decree nr. 8.023, published in the Federal Official Gazette on June 5, 2013, presented alterations to the Regulations of the IOF relating to the rules applicable to the IOF/Exchange Rate.
As of June 13, 2013 the Brazilian government reduced from 1% to zero the applicable rate of the Brazilian Tax on Financial Transactions (Imposto sobre Operações de Crédito, Câmbio e Seguro, ou relativas a Títulos ou Valores Mobiliários – IOF) on derivatives contracts.
On June 05, 2013, Decree No. 8,023 was published on the Official Gazette, introducing relevant changes on the Tax on Financial Transactions Regulations, approved by Decree No. 6,306, dated December 14, 2007.
The Brazilian Government has just commenced the bidding process to award the concessions of Galeão and Confins international airports.
The Brazilian National Agency for Petroleum, Natural Gas and Biofuels published a draft regulation setting forth guidelines for the rules to be adopted in bid rounds for Pre-Salt and strategic areas, which exploration and production rights will be granted under the production sharing regime.
As of June 5, 2013 the Brazilian government decided to attract and foster the return of foreign investors to the Brazilian market by reducing from 6% to zero the applicable rate of the Tax on Financial Transactions (IOF) on fixed income instruments,
Obtaining short-term technical visas in Brazil for short-term foreign workers has just become easier.
The 2nd Panel of the 2nd Chamber of the 1st Section of the Administrative Council of Tax Appeals - CARF, in a session held last Wednesday, considered the additional arguments to a voluntary appeal not filed within required the 30-day term, as essential documentation for the examination and analysis of the administrative dispute.
The Plenum of the Brazilian Supreme Court, in a recent judgment, declared the constitutionality of the contribution allocated to the Brazilian Service of Support for Micro and Small Enterprises, subject to general repercussion recognized by the Court.
The Brazilian National Council on Energy Policy has officially authorized Brazil's oil and gas regulatory body, ANP, to hold the "First Pre-Salt Bid Round" in October of this year, which will be subject to the production sharing regime.
The Pre-Salt Round 1 will be promoted in accordance with the production sharing regime in force in Brazil since the issuance of Law No. 12.351/2010.
The Brazilian National Council on Energy Policy has officially authorized Brazil's oil and gas regulatory body, ANP, to hold the "First Pre-Salt Bid Round" in October of this year, which will be subject to the production sharing regime.
On May 17, Law No. 12,814 of 05.16.2013 was published, as result of the Conversion Draft of the Provisional Measure No. 594, dated 12.06.2012.
From the fourth quarter of 2012, the Intellectual Property environment in Mexico has been immersed in a great activity mainly characterized by two events, the incorporation of the country to the round of negotiations of the TPP and the removal of the General Director of the "Instituto Mexicano de la Propiedad Industrial".
A discussion explaining the available exceptions to the rule relating to coastal trade in Mexican waters, with regards to vessels, offshore installations and those offshore craft that may or may not be deemed as vessels.
Panama is already known throughout the world for having a stable and fast-growing securities market.
Puerto Rico has enacted legislation that creates a tax amnesty program that will be in effect from May 13, 2013 through June 30, 2013.
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In mergers and acquisitions (M&A), sellers and buyers normally base their price calculations on "multiples" of EBITDA.
A discussion on the recent changes in the Brazilian transfer pricing rules, introduced by MP 563.
The Brazilian Government recently issued Provisional Measure No. 615, that, among other provisions, rules on the payment arrangements and payment institutions that participate of the Brazilian Payment System, which must still be regulated by the Central Bank of Brazil in accordance with the guidelines to be established by the Brazilian Monetary Council.
As exploration and production activities advance in the oil & gas industry, the host countries are challenged to create new, beneficial and efficient regulations that will ensure the development of a strong local industry.
The phrase "local content" has begun to appear more frequently in the laws, internal policies and tender protocols of governments and companies around the world, particularly with regard to the oil & gas industry.
On December 1, 2011, after nearly seven years of ongoing deliberations, President Dilma Rouseff finally sanctioned the bill of law amending several sections of the Brazilian Antitrust Law.
Although internationally adopted, the expression "tax haven" has not been used in the Brazilian applicable legislation.
A discussion explaining the available exceptions to the rule relating to coastal trade in Mexican waters, with regards to vessels, offshore installations and those offshore craft that may or may not be deemed as vessels.
As of June 5, 2013 the Brazilian government decided to attract and foster the return of foreign investors to the Brazilian market by reducing from 6% to zero the applicable rate of the Tax on Financial Transactions (IOF) on fixed income instruments,
This initiative is intended to enable Europe and the US to spearhead the promotion of a global system of automatic information exchange.
