Industries and markets

Pro-business lawyer to head Brazil’s environment ministry

” Bolsonaro said in a tweet Sunday that Ricardo de Aquino Salles would be appointed to the position. Salles served as the environment secretary of Sao Paulo state under the leadership of former Gov. Geraldo

President says fuel theft costs Mexico up to $3.5B yearly

“Lopez Obrador said “there still isn’t an exact figure” on the losses. The state-owned Petroleos Mexicanos company hasn’t given out new figures on pipeline taps since September; that last report indicated that 11,240 taps were

Odebrecht Peru agrees to plea deal with Peruvian authorities over bribery scandal

“Brazilian builder Odebrecht’s Peruvian unit has signed a deal with Peruvian authorities to pay a multimillion dollar fine that will allow it to continue operating in the country in return for providing evidence about officials

Job One for Mexico’s New Leader: Fix Migrant Crisis

“After his inauguration, the leftist nationalist will face issues that will test U.S.-Mexican ties, especially a crisis at the border, where thousands of Central American asylum seekers are stranded in Mexico as the Trump administration

Mexico City’s 1st elected female mayor takes office

“Claudia Sheinbaum was sworn into office Wednesday as the first elected female mayor of Mexico City and immediately announced she would dissolve the riot police. Sheinbaum pledged to build cable cars to impoverished slums, and

Mexico’s new president sees 3-year hiatus on oil auctions

“Mexico’s new president says he will take a three-year break from awarding new oil exploration contracts in order to judge the results of contracts already awarded. President Andres Manuel Lopez Obrador says he wants more

Brazil: New Calculation Basis and Submission Method for PIS/COFINS

­­­­Exclusion of ICMS tax when calculating PIS/COFINS In the past, the calculation basis for the PIS/COFINS taxes consisted of the actual product or service costs plus the respective ICMS taxes. De facto, this created a

Brazil: World’s biggest oil traders bribed Petrobras staff

“Leading global oil traders Vitol, Trafigura and Glencore paid more than $30m in bribes to employees at state-owned Brazilian company Petrobras in a scheme that may still be going on, prosecutors said on Wednesday.”

Mexico: Amendments to Income Tax law

On December 4th, legislative changes to the income tax law have been published in the official Gazette (la Cuarta Resolución de Modificaciones a la Resolución Miscelánea Fiscal para 2018 y sus anexos 1, 1-A, 3,

Brazil: Nationwide unified electronic Invoice for services planned!

In Brazil, there are currently 5.570 rules and regulations surrounding the Nota Fiscal de Servicos (NFS) because each municipality has their own legal base. In order to harmonize the regulations, the project „Nota Fiscal de