Industries and markets

Brazil: Tax Authority inspects Final Beneficiaries

The Brazilian tax authority Receita Federal do Brasil announced an “annual inspection plan” for 2019, which will focus on the identification of the final beneficiary using offshore structures to obtain tax benefits. Since 2016, Brazil

Auto production in Brazil jumps, but exports to Argentina are down 38.4%

“Automobile production in Brazil jumped 14.2% and sales grew 9.1% in July from June, the best performance for the month since 2014, the national automakers’ association Anfavea said on Tuesday.”

End of game: Brazil considers tech companies like Google and Facebook as media companies

“A Brazilian agency which sets the commercial rules of the advertising market has approved a resolution to classify technology companies like Google and Facebook as media companies, a move which could subject digital platforms to

Chamber of Deputies Passes Welfare Reform and Rejects All Proposed Amendments

“The deputies rejected the eight individual proposals submitted and maintained the unamended main text , as approved yesterday, August 7th.”

Brazilian Oil and Gas Sector Research Sees Investment Increase by 66 Percent

“Studies from the Brazilian Institute of Oil, Gas, and Biofuels (IBP) state that by 2025, the country should invest over R$30 billion in development and innovation research.”

Colombia: New Customs Statute

Through Decree 1165 of July 2, 2019, the National Government issued the new customs statute which will enter into force on August 2 of this year.   What is the idea behind the New Customs

Brazil: São Paulo`s Department of Finance and Planning launches new Portal of Tax Legislation

What is the Portal about? The new Portal of Tax Legislation is a digital search and consultation tool that gathers all the rules related to taxes. Thus, it  is an important consultation and search engine

Brazil’s record on pesticides and weed killers could create problems for the Mercosur/EU trade agreement

“Official data shows 262 new pesticides and weedkillers were approved in the first seven months of this year — a record for that period. But Cristina said only seven of those products were actually new.

Colombia’s Peso Falls to All-Time Low Against US Dollar

“The drop was further exacerbated by Finance Minister Alberto Carrasquilla presentation of 2020’s budget.”

Brazil’s lower house approves pension overhaul to tackle budget gap

“The government says the bill will save the public purse 933 billion reais ($235 billion) over the next decade.”