As a result of the reduction of the liquidity in the international market, which affects the raising of loans abroad by Brazilian borrowers and the inflow of foreign currency funds into the country, the Brazilian government decided to reduce from five to two years the term of the transactions which are subject to the Brazilian Tax on Exchange Transactions (Imposto sobre Operações de Crédito, Câmbio e Seguro, ou relativas a Títulos ou Valores Mobiliários - IOF) at the rate of 6%.

The Brazilian Government decided to withdraw another obstacle to the entry of foreign capital in Brazil.

As of June 13, 2013 the Brazilian government reduced from 1% to zero the applicable rate of the Brazilian Tax on Financial Transactions (Imposto sobre Operações de Crédito, Câmbio e Seguro, ou relativas a Títulos ou Valores Mobiliários – IOF) on derivatives contracts.

Brazilian authorities see with restrictions the use of virtual currencies like the bitcoin. The main concern of the Brazilian Government at this moment is that this type of instrument be used in connection with pyramid financial schemes.

By means of Provisional Measure No. 685, dated July 21, 2015 (MP 685/2015), that creates the Tax Litigation Reduction Program (Programa de Redução de Litígios Tributários – PRORELIT), the Brazilian federal government imposed a new obligation to the taxpayers ..

any financial institution or entity duly authorized to operate by the Central Bank of Brazil (Bacen), at the end of the last two financial years (i) has an equity equal to or higher than R$ 1 billion; or (ii) is responsible for the management of third party’s funds equal to or exceeding R$ 1 billion

By publishing Resolution CMN nº 3312, of August 31, 2005, the Brazilian Monetary Council (CMN) decided to increase the number of players in transactions known as international hedging, which is a security for commercial or financial rights and obligations subject to risks of variation, in the international market, of interest rates, foreign exchange parity or of commodities prices, carried out by financial institutions abroad or at international stock exchanges.

For the second time this year, by means of Decree No. 7698, of March 9, 2012 (Decree 7698/2012), published in the Official Gazette of the Union of March 12, 2012, the Brazilian Federal Government decided to increase from three to five years the term of the foreign currency loans which are subject to the tax on exchange transactions (IOF) at the rate of 6%.

On November 20, 2013, the Board of the Central Bank of Brazil (Banco Central do Brasil – Bacen) issued the two Circulars mentioned herein, about certain issues of the Structured Operations Certificates ...

On April 28, 2010, the Brazilian Securities, Commodities and Futures Exchange (BM&FBOVESPA S.A – Bolsa de Valores, Mercadorias e Futuros – BVMF) announced that the first 10 Non-Sponsored Brazilian Depositary Receipts (BDRs) Level I, which represent stocks issued by foreign companies that are traded in Brazil, will be: Apple (click link below to read more)

Therefore, the Brazilian jurisdiction is not applicable in the case of international contracts, when there is a choice of exclusive foreign jurisdiction clause.

On December 19, 2014, the Secretary of the Brazilian Federal Revenue Office (Receita Federal do Brasil – RFB) issued RFB Normative Instruction [Instrução Normativa] No. 1530 (RFB IN 1530/2014), which defines the meaning of international standards of fiscal transparency

According to the Brazilian Aviation Code (Código Brasileiro de Aeronáutica – CBA), the exploration of public air services in Brazil depends on: ..

Resolution No. 10, of October 29, 2014, of the Administrative Council for Economic Defense [Conselho Administrativo de Defesa Econômica – CADE] (CADE Res. 10/2014), regulates the hypothesis of mandatory notification of the entering of an associative agreement (contrato associativo) between two or more companies, ..

The Brazilian production sector will rely on new instruments to multiply the alternatives for financing long-term projects.

Decree No. 656 of October 7, 2014 (Decree 656/2014), issued by the Brazilian Executive Branch, reduced to zero the applicable rate of the Tax on Financial Transactions (IOF) on credit operations intended to finance logistics infrastructure projects in connection with works of highways and railways that originate from concession by the Federal Government.