Industries and markets

SAP Tax Declaration Framework (TDF)

TDF is SAP`s solution for tax and regulatory hurdles in Brazil.  Its goals, functionality and customer benefits will be outlined in this article. What is it In order to be compliant with the complex requirements

CNAE Register in Brazil

From January 1st, 2019 on, Brazilian companies and Brazil-based subsidiaries have to issue the Bloco K report in line with the SPED e-Accounting regulations. The concrete deadline for each company depends on its revenues as

Tax Terms Brazil

Bloco K: Reports that expand SPED e-accounting procedures and that are mandatory for all manufacturers that sell goods. The reports include information on raw materials and components, as well as collected ICMS and IPI, inventory, stock

Brazil’s Temer charged with corruption, money laundering

After two rejected attempts the Brazilian Federal Police now initiated a third trial at bringing acting President Temer before court for corruption and money laudering. He is charged with accapeting bribes from a port managment

Peru opposition leader Keiko Fujimori arrested

In connection with the Lava Jato (car wash) corruption scandal, the Peruvian opposition leader Keiko Fujimori has been arrested for allegedly accepting $1 million of illegal contributions to her party from the Brazilian building company Odebrecht

Brazil: Mexico dragging feet on Odebrecht corruption scandal

Mexico fails to sign an agreement with Brazil enabling the legal prosecution of the Lava Jato corruption scnadal.

Brazil: Compliance evaluation of taxpayers starts

State of São Paulo:  Taxpayers receive Compliance Grading Based on the SEFAZ Resolution No. 105 the first phase of the new taxpayer evaluation program „Nos Conformes“ will be implemented in the state of São Paulo. The

5th Central America Conference of the German Economy

“The Central American Conference of the German Economy will be organized by the Latin America Initiative of the German Economy (LAI), the German Foreign Chamber of Commerce (AHK) for Central America and the Carribean as

Overview Brazil

Brazil Those who are doing business in Brazil are familiar with the term „lava jato“ – or car wash. The term has been coined for a series of corruption investigations surrounding the state controlled oil

Compliance in Brazil

Compliance in Brazil Legal Basis In order to regulate compliance issues In Brazil, three legal documents are particularly relevant : The Anticorruption Law (Decree 8.420/15) The Competition Law The Money Laundering Law With view to