A recent decision issued by the Superior Court of Justice (RESP 1.537.521/RJ) has analyzed the liability of former shareholders over obligations incurred by a legal entity after the date of their withdrawal from their former companies.
In a nutshell, a former shareholder whose withdrew...
The deadline for the delivery of the final beneficiary declaration is approaching and foreign companies enrolled in the National Registry of Legal Entity (CNPJ) have until December 31st, 2018, to inform the Brazilian Federal Revenue (RFB) its chain of equity interest up to the natural person who,...
Private clients in Brazil have been demanded from the contractors a consistent contract management. Now it is time for the public clients to increase the demands. The new Bidding Law Proposed Bill (PL 6814) creates new requests related to contract management. The aim is to improve the large public...
In October19, 2018, WFaria gathered financial and technology professionals to discuss the implications of the new rules brought by UN GDPR, Brazilian Data Privacy General Law ("LGPD") and the Brazilian Central Bank resolutions about data protection, data storage and cloud computing.
The Administrative Tax Appeals Council (CARF) ruled in favor of an individual that sold shares of a legal entity held by him through a private equity fund, resulting in the payment of less income tax over capital gain.
The precedent refers to an individual who served as chairman of the...
Which companies are obliged to hire convicts or former convicts
Since July 24, any company who wishes to provide services to Brazil’s Federal Public Administration in value over BRL 330,000.00 will have to allocate from 3% to 6% of the work stations to convicts or former...
"We learn from the past, we are highly committed and committed to transforming that market." This is how the companies Andrade Gutierrez, Camargo Corrêa, Queiroz Galvão and Odebrecht present the booklet entitled "Integrity in the Construction Sector". It is an initiative of Rede Brasil of the...
Starting July 2018, companies that in 2016 had revenues of more than BRL 78,000,000.00 are enforced to assess and declare to the Brazilian IRS all of its data regarding labor, employee witholding income tax and social security taxations by way of the new system named as "eSocial".
Since 2010, the Affordable Care Act came into force in the U.S., which required the existence of a compliance program for the so-called Medicare and Medicaid providers (which covers medical/hospital facilities and pharmaceutical companies). Moreover, the North American standard counts with...
As stipulated by the Central Bank of Brazil’s Circular No. 3,603/16, the mandatory declaration of foreign capital in the country of the base period of December 31, 2017 must be provided between July 2 and August 15, 2018, 6 p.m.
The statement shall be presented by legal entities, including...