Industries and markets

Brazil has the third largest number of coronavirus cases in the world

“With 254,220 confirmed cases, Brazil has now surpassed Britain, Spain and Italy in the past 72 hours on the list of total infections.”

Brazil: RFB extends ECD submission deadline

On May 13th, 2020, Brazil`s Federal Official Gazette (DOU) published the Normative Instruction RFB nº 1,950, which extends the deadline for the presentation of the Digital Accounting Bookkeeping (ECD) for the calendar year 2019. According

Transfer Pricing Regulations in LATAM under Corona

Many Latin American governments have changed their taxation policies, payment and reporting deadlines in respondence to COVID-19. Now, Argentina, Colombia and Peru have outlined their policies towards transfer pricing rules and reporting obligations.   Argentina

Latin America’s two main economies with daily record virus cases, but also desperate to reopen activity

“Brazil and Mexico on Thursday reported a record one-day rise in new coronavirus cases, just as leaders of both countries intensified attempts to reopen their economies even as the spread of the virus in Latin

Brazil weighs $2 billion in coronavirus relief loans to power sector

“Power distribution firms have been asking for an aid package as electricity demand falls amid the health crisis and more consumers default on utility payments. Industry executives estimate they need 15 billion reais to 17

World Bank US$ 500 million loan to help Ecuador cover budget needs

“The flexible resources have three objectives: support government response to Covid-19; eliminate constraints to private sector development and support the economic recovery.”

Country Risk and Dollar Soar as Brazil Becomes More Risky Economy

“The country risk has increased much more in the country than in other regions and among the main emerging markets, the Brazilian real is the currency depreciating the most against the US dollar.”

How could Corona impact your Business in Brazil?

The Covid-19 pandemic surprised everyone, with its contagious and lethal power, putting the economy and health system in check even in the most developed countries. In the midst of all this, both people and companies

Brazil: New Version 4.0.1 of PGE EFD-Contribuições published

On may 7th, the new version 4.0.1 for PGE EFD-Contributions has been published in Brazil. And can be downloaded here. What has been changed through the new version? Installer fix for newer versions of Java

Fitch Drops Brazil’s Public Debt Outlook from Stable to Negative

“Currently, Fitch grants a BB- rating for Brazil, three levels below investment grade, a level that assures the country does not risk writing off its public debt.”