GDPR – General Data Protection Regulation
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GDPR – General Data Protection Regulation

On May 25, 2018 a new phase in the regulation of the protection of personal data of the European Union begins, with the entry into force of the so-called GDPR (General Data Protection Regulation). As of that date, companies subject to GDPR that fail to comply with their terms may be subject to penalties up...

24/05/201825/05/2018by
The Regulation of Equity Crowdfunding in Brazil
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The Regulation of Equity Crowdfunding in Brazil

In an environment where IPOs are rarified, but taxes and interest rates are abundant, Brazilian companies are presented with the possibility of raising capital publicly without going through the hurdles of registration and excessive bureaucracy. The Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários – CVM) enacted in July Rule ICVM 588 regulating the...

18/10/201718/10/2017by
CVM Regulates Crowdfunding in Brazil
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CVM Regulates Crowdfunding in Brazil

Empresas poderão captar até 5 milhões online The Brazilian Securities Commission (Comissão de Valores Mobiliários – CVM) has enacted on July 13, 2017, Regulation ICVM n. 588, regulating crowdfunding activities in Brazil. According to the new regulation, small cap companies, as defined in the text as Brazilian companies with gross annual revenue under 10 million Reais,...

12/07/201723/10/2017by
“Cloud Computing” and Potential Issues under the Brazilian Tax System
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“Cloud Computing” and Potential Issues under the Brazilian Tax System

Current Brazilian tax legislation regarding technology transfer and general cross-border service import is a shoddy composition of recent badly drafted statutes (filled with vague and undefined terms) and almost antediluvian statutes made for a different time. A time during which most of the means of delivery and services currently rendered were not even dreamed of....

Non-profit organizations, third sector and manager liability
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Non-profit organizations, third sector and manager liability

Non-profit organizations in Brazil are ruled by federal legislation (regarding the types, formation and general rules of taxation) and also by state and municipal legislations (mostly on specific rules for taxation). They can be defined as entities not created for economic purposes, but that can generate profits, which however cannot be distributed as dividends –...

15/01/201515/01/2018by
Transfer Pricing – A Challenge for Investors in Brazil
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Transfer Pricing – A Challenge for Investors in Brazil

The rules stated by the Brazilian transfer pricing (TP) legislation are known for its complexity and for its model, which is quite different from OECD’s guidelines (international TP rules). Nordic companies with related parties located in Brazil often find diffi­culties to adapt their intercompany policies to the Brazilian model and, as a consequence, face a...

15/07/201409/03/2018by
New Mining Code – A New Milestone for Mining in Brazil
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New Mining Code – A New Milestone for Mining in Brazil

Since 2009, the Brazilian Federal Government has been discussing internally and with the business sector, a proposal for a new legal framework for mining in the country, which should replace the current legislation in force since 1967. History shows that the mining activity has been essential for the expansion of the Brazilian borders and the...

15/07/201316/01/2018by