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The federal tax authority (FTA) extended to 16 April 2021 the deadline for the presentation of the affidavit and the payment of the “solidarity and extraordinary contribution to help mitigate the effects of the pandemic” (“Contribution”) created by Law No. 27,605 (“Law”).

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. 

As vaccines become more readily available in Mexico through the National Vaccination Policy, employers have lots of questions about how this changes the return to the workplace. In this video, our Labor and Employment lawyers discuss the vaccine policies and procedures being adopted by Mexican employers, as well as the legal and practical considerations to address.

The federal tax authority (FTA) extended the suspension regarding the filings of tax foreclosure procedures until 31 May 2021 for micro and small companies and the taxpayers that develop economic activities that were critically affected.

In addition, for the rest of the taxpayers, the seizures on financial entities or on accounts receivable and the judicial intervention of cash were suspended until 31 May 2021.

In brief What’s new? On April 9, the Superintendence of Companies (“SS”) issued the External Circular No. 100-000004 (the “Circular”). Through this Circular, the SS modified some sections of Chapter X of its Basic Legal Circular, which regulates the obligation to implement a SAGRILAFT for some companies. Among other matters,…

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.

On 8 March 2021, through Resolutions Nos. 50 and 51 (“Resolutions”) from the Nation’s Mining Secretary, more than 100 exploration companies and 33 mining services companies  –  indicated in Annex I of each of the Resolutions  –  have been preventively discharged from the Mining Investments Registry of Law No. 24,196. The preventive discharged was for one year. The  companies that have been preventively discharged will be able to request reinstatement to the Mining Investment Registry in accordance with Section 4 of Resolution No. 118/2020, only if is not definitive.