Fábio Fleury Soares, CFP®

[EN] Recently, The National Treasury Attorney's Office (PGFN) and the Revenue Service of Brazil (RFB) launched new tax settlement programs, allowing taxpayers to end disputes with significant discounts.   Among the highlighted programs are the tax settlement for active Union debts with discounts of up to 100% on interest, fines, and charges, the small-value tax settlement for debts up to 60 minimum wages, and the tax settlement for debts guaranteed by insurance or surety bond. All programs have specific adherence deadlines, ranging from June to August 2024, and are available through the REGULARIZE and e-CAC portals.   Read the full text and learn more about Tax Settlement programs, material prepared by Daniela Ribeiro de Andrade and Wellington Oliveira Teixeira: https://lnkd.in/eKf7J8dB   #SperlingAdvogados #PGN #RFB #TaxSettlement

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On May 23rd, FIUS experts unpacked the opportunities and challenges of investing in Brazil. Milton Schivitaro (Tax advisor), Bruno Santo (Tax Advisory Partner), Andrea Tincani (Corporate Law Partner) and Rachel Marques (Corporate Law and M&A) led a discussion on navigating the Brazilian market. A global conversation with participants from 20 countries. Thank you to everyone who joined us! #FinocchioeUstra #Fius #Event #DoingBusinessInBrazil #Investment #Brazil

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Flash Amec No. 07 'New CVM Resolution Enhances AGM Dynamics' is available! The Brazilian Securities Commission (CVM) has issued CVM Resolution No. 204 to make shareholder meetings more inclusive, focusing on the Remote Voting Card (RVC). This new regulation is particularly important for foreign investors as it facilitates their participation in these meetings. The regulation also results from Amec's intense advocacy efforts. The association organized working groups among its members and held meetings with CVM representatives to ensure regulators had a first-hand report of the challenges faced by investors, especially international ones. Access the full material: https://lnkd.in/d9jj9K-i #CVM #CapitalMarkets #CorporateGovernance #ESG

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Leaders League Brasil acknowledged our firm in the Innovation, Technology and Telecommunications ranking.   We are among the Leading firms in Startups & Innovation and Venture Capital categories, and our practice was recognized as valuable in Blockchain & Cryptocurrency and as Mapping in the Artificial Intelligence area.   #VentureCapital #innovation #technology

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With Brazilian Real Estate Investment Trusts (#REITs), experiencing a surge in fundraising and the #Selic rate, Brazil's benchmark interest rate, on a downward trajectory, REsource's #editorial team reached out to Carolina Borges, an analyst specializing in REITs at EQI Research, to dissect how this scenario might benefit #investors and the real estate market at large. Read here 👉 https://lnkd.in/eqKnzRAp

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Brazil: BCB’s monthly GDP proxy recorded an increase of 2.1% year-to-date IBC-Br, the BCB’s monthly GDP proxy, recorded a 2.1% year-to-date, in line with the latest Focus Readout. However, Q2-2024 started with an increase of only 0.1% m/m in April, according to data released by the BCB. The lack of growth in the indicator comes after a 0.4% m/m decline in March. Considering that the IBC-Br was designed to estimate GDP from the supply side, we can speculate that the indicator's stability for the month resulted from declines in industrial production and real revenue in expanded retail, which were offset by an increase in real revenue in the services sector. Overall, the static result in April occurs in a context of uncertainties regarding economic activity in the last two months of the Q2-2024, due to the environmental disaster that reached the state of Rio Grande do Sul, which is likely to have a negative impact on the indicators for the period. Nevertheless, the labor market remains tight, with a strong expansion in real wage mass and expectations for the reconstruction of Rio Grande do Sul through private and public resources, maintaining a positive outlook for the coming quarters. The latest Focus Readout indicates an increase of 2.1% y/y for 2024, ceteris paribus. Produced by Macro+Markets

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Join us as we explore and explain the highly anticipated and controversial Brazilian tax reform in this compelling video. ⚖️ Video Highlights: Key legislative changes, Impact on tax planning, Short and long-term economic perspectives, Practical strategies for companies and professionals 💡 This video is a must-watch for anyone looking to understand Brazil's evolving tax landscape and prepare for the upcoming changes and challenges. 📺 Cristiano Carrion Angelo Roni Carrion Advogados

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Costly Silences in Contracts Not defining the index for monetary correction will subject the debt to IPCA. Not defining the interest rate for late payments will subject it to SELIC. Although Brazil's National Monetary Council has not issued the method of calculation of the interests yet, most commentators have expressed concern about deducting the IPCA from SELIC in some circumstances. Since IPCA measures inflation in Brazil, and the SELIC, besides measuring inflation, fixes the interest rate, in a context of high inflation and low SELIC, the interest for late payment would be profitable for the debtor, not so much for the creditor, who would face a loss even though the debtor was responsible for non-performance. So diminish the risks your contract is facing by reviewing these clauses before it is too late. #IPCA #SELIC #inflation #contracts #brazil

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Let's keep on going! 💰 🎰 ⚽ 💨 Today Ministry of Finance published Ordinance SPA/MF nº 615/2024, that concerns payment methods regulation within the gaming industry in Brazil. The Ordinance establishes the guidelines that payment companies must abide for payment transactions that will carried out by agents authorized to operate the fixed-odd bettings in Brazil. Among many others, an interesting point is that the new rule sets a maximum period of 120 minutes for bets to be paid to the winning bettors, counting from the end of the real sports-themed event or a session of the virtual event. Payment transactions are a key step for the success of the betting market in Brazil and with the Ordinance SPA/MF nº 615/2024 into place, the Brazilian gaming industry gives one step ahead to the regulation of the sector. TozziniFreire Advogados gaming practice prepared a brand new newsletter on the matter, check the link in the comments below! #payments #paymentmethods #sportsbetting #apostasesportivas #bets #gaming #igaming #jogos #juegos #braziliangovernment #doingbusinessinbrazil

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CSRC Signed Amended Memorandum of Understanding Regarding Securities and Futures Regulatory Co-operation with CVM of Brazil On June 6th, 2024, the China Securities Regulatory Commission (CSRC) and the Comissão de Valores Mobiliários (CVM) of Brazil signed the amended Memorandum of Understanding (MOU) Regarding Securities and Futures Regulatory Co-operation in Beijing, marking a new stage of the cooperation between securities regulatory authorities of the two countries. Over the years, the CSRC has been actively collaborating with the CVM to create a sound regulatory environment for bilateral capital market cooperation. Considering the development of capital markets and the demand of cross-border regulation and supervision, both authorities amended the Memorandum of Understanding regarding securities regulatory co-operation signed between the CSRC and CVM in 1997, which has great significance to further enhancing the regulatory cooperation for capital markets of both countries. So far, the CSRC has signed bilateral memorandums of understanding regarding regulatory cooperation with securities and futures regulatory authorities from 67 countries or regions to establish cross-border regulatory and enforcement cooperative mechanisms. #Brazil #capitalmarket #Beijing #CSRC #MoU

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Fellow Dealmakers, We've gathered relevant deal documentation created by Evercore for the multi-billion dollar acquisition of a leading Brazilian educational software provider, which we believe might be of interest to you. To access the documents, please complete the following steps: ➡️ Follow our page Private Equity Bro ➡️ Like the post and comment your email 📩 ➡️ [Optional] Tag another investor like yourself 🤝 #PrivateEquity #Investments #Transactions

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Starting a business in Brazil? Here are the essential public registrations your company needs to operate: 1. CNPJ (Cadastro Nacional de Pessoa Jurídica): The Brazilian equivalent of a Tax ID, this registration with the Receita Federal is the first step in legally establishing your business. 2. State Registration (Inscrição Estadual): Mandatory for companies involved in the sale of goods, this registration with the state’s Finance Department is crucial for managing ICMS (a type of sales tax). 3. Municipal Registration (Inscrição Municipal): Required for service providers, this registration with the local city hall ensures compliance with municipal tax obligations, like the ISS (Service Tax). 4. Commercial Board Registration: This is necessary for formalizing the company's existence, operating rules and structure, including the registration of its bylaws or articles of incorporation. Ensuring these registrations are in place not only makes your business compliant but also builds a solid foundation for growth and success in the Brazilian market. #Brazil #Business #Entrepreneurship #Compliance

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It's no secret that the Brazilian market is as promising as it is daunting. With huge opportunities, major stakeholders, and diverse clients, it is also a very bureaucratic country where networking is of utmost importance. We highly recommend reading V2M's insights on the first steps to setting up businesses in Brazil.

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