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Brazil: Rio de Janeiro City create program called Resolve Rio

On 4 May 2021, the General Attorney's Office of the Municipality of Rio de Janeiro enacted Resolution No. 1.052/2021, introducing a new amnesty program ("Resolve Rio"). The Resolve Rio program allows taxpayers to settle their debts with the Rio de Janeiro Municipality through reductions in interest, punitive fines and late payment fees of up to 60%.

Brazil: News and deadlines for submitting Individual Income Tax Return and Foreign Assets statement for Brazilian Central Bank – 2021 – Global Compliance News

Brazil: News and deadlines for submitting Individual Income Tax Return and Foreign Assets statement for Brazilian Central Bank – 2021 – Global Compliance News
globalcompliancenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcompliancenews.com Daily Mail and Mail on Sunday newspapers.

Brazil: News and deadlines for submitting Individual Income Tax Return and Foreign Assets statement for Brazilian Central Bank

In brief Brazilian taxpayers can already submit their Declaration of Foreign Assets, which is due on 5 April 2021, to the Brazilian Central Bank (DCBE). The declaration must be filed by individuals or legal entities resident, domiciled or headquartered in Brazil, with foreign assets in the amount equal to or greater than: (i) USD 1 million on 31 December 2020; and (ii) USD 100 million on 31 March, 30 June and 30 September of each year base. Please note that until last year, this threshold amount was USD 100,000 for the annual statement. Besides the information already required by the Brazilian Central Bank, there are new fields included this year for individuals who own 10% or more interest in foreign companies. In particular, information about the decomposition of the company’s results will be requested, more specifically information about: (i) the results of non-recurring items; (ii) the results of revaluation of assets or liabilities (e.g., impairment); and (iii) the results f

Latin Lawyer - Brazil s Suzano creates JV in Finland

Latin Lawyer shutterstock/Joa Souza Three Baker McKenzie LLP offices, Trench Rossi Watanabe in São Paulo and Borenius in Helsinki have helped Brazilian pulp and paper company Suzano launch a joint venture with Finnish sustainable materials company Spinnova to build a commercial-scale fibre production facility in Finland. To read more Subscribe and start reading now Latin Lawyer is your definitive source of news, analysis, and research from the Latin American legal community. It keeps you up to speed with the issues and trends that matter and provides the data and tools you need to operate successfully.

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