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%.
The Ministry of the Environment, IBAMA and ICMBIO have edited Joint Normative Instruction (INC) MMA/IBAMA/ICMBio No. 2/2021, published in the Federal Official Gazette on Thursday, 29 April. The new INC updated certain procedures established by Joint INC No. 1/2021, which was published at the beginning of April, particularly those related to inspection reports.
Executive Order no. 1,045 was issued today, implementing the New Emergency Program for Maintenance of Jobs and Income in Brazil. The order contains additional employment-related measures in response to the COVID-19 pandemic and reinstates some of the provisions previously contained in Executive Order no. 936, which was converted into Law no. 14,020/20.
The environmental agency of the state of São Paulo (CETESB) published technical note no. 01/21 in April 2021, providing the applicable methodologies for the measurement and report of emissions of greenhouse gases (GHG) for the parties that are included in the São Paulo Environment Agreement.
With COVID-19 vaccinations finally here, organizations looking to protect their workforces and promote business continuity must navigate a fast-evolving framework of national protocols and regulatory regimes. An increasing number of jurisdictions across the globe are publishing guidelines and legislation governing the legal and practical aspects of workplace vaccination programs.
In brief Brazilian taxpayers can already submit their Declaration of Foreign Assets, which is due on 5 April…
In brief On 22 March 2021, the National Consumer Secretariat (SENACON) and the National Authority of Data Protection (ANPD) executed a technical cooperation agreement to speed up the inspection and investigation of security incidents involving consumer data. One of the main goals of the agreement is to standardize the actions…
On 1 April 2021, Law nº 14,133/2021 or the New Public Procurement General Law (“New Public Procurement Law”) was published, substituting Law nº 8,666/1993. The Brazilian president, however, has vetoed 26 items of the bill approved by the National Congress.
On 5 April 2021, the Secretariat of the Amazon and Environmental Services of the Environmental Ministry (MMA) enacted Technical Note No. 353/2021. The Technical Note elaborates on the implementation of the Forest+ Carbon program and discloses the Brazilian government position regarding the implementation of Article 6 of the Paris Agreement, which addresses market instruments aimed at reducing greenhouse gas emissions.
Through Directive Release No. 2/2021/CVM/SIN, CVM issued guidelines on the minimum elements that must compose the compliance activities and the compliance report provided for in Articles 19 to 22 of CVM Instruction No. 558 (ICVM). The purpose of the document is to present to securities portfolio managers registered with CVM the topics that must be observed by the compliance area and, consequently, appear in the compliance report, as well as the corresponding tests that must be included. It is important to remember that, if the compliance area does not act independently or does not carry out its activities as required by ICVM 558, the institution may suffer sanctions, ranging from the issuance of an alert letter to, at the maximum, termination of society as a securities portfolio manager. The report regarding compliance activities in 2020, which must be prepared by April 2021, should observe the guidelines described in this directive release.