Industries and markets

Argentina: How the OEA will foster Foreign Trade Compliance  

What is OEA? The OEA (Authorized Economic Operator) is a certification offered by customs to a foreign trade operator, stating that his processes are carried out safely. Another benefit of the certificate is a significant

Amazon deforestation: Brazil’s Bolsonaro dismisses data as ‘lies’

“He said the institute was smearing Brazil’s reputation abroad by publishing data showing a dramatic increase in deforestation there.”

Brazil Once Again Considered Low Risk Country by CDS Default Risk Rating

“With the first round of Social Welfare reform approved by the Chamber of Deputies and the expectation that the text will pass the second round smoothly, the international investor’s perception of risk in Brazil fell

U.S., Argentina, Brazil, and Paraguay Agree on Counter-Terrorism Alliance

“The United States agreed on Friday to an alliance with Argentina, Brazil, and Paraguay to counter “illicit activity” and terrorism in the region. The coalition was agreed at the Buenos Aires summit where U.S. Secretary

Iranian bulk carriers stranded in Brazil, since Petrobras refuses to refuel them fearing US sanctions

“Ship tracking data shows that Panamax-type vessels MV Delruba and Ganj, currently located near the Imbituba port in southern Brazil, were scheduled to run the same route as two other Iranian vessels, Bavand and Termeh,

Brazil: Tax Breaks for Oil and Gas

In order to explore, develope and produce oil, natural gas and other fluid hydrocarbons, certain industrialized goods are needed. The process of acquiring and using them is called Repetro-industrialization. As of July 17, 2019, there

Brazil: Postponed deadline for EFD-Reinf Report

With the Normative Instruction No. 1,900/2019, the Federal Revenue deferred to the EFD-Reinf report for Group 3 from July 2019 to January 2020. For more information on EFD-Reinf click here.   These regulatory changes could

Brazil: Deductibility of Software Licensing Fees

The Brazilian Internal Revenue Service has published the Consultation Solution COSIT 182/2019 stating that the payment of fees for the licensing of software distribution rights to indirect controllers of the same economic group are, in

Bolsonaro Says Government Will Not Introduce New Taxes in Brazil

“President Jair Bolsonaro said on Friday, July 19th, that the Brazilian government will not introduce new taxes and that the Provisional Contribution on Financial Transactions (CPMF) would not be resurrected”

Argentina designates Hezbollah “terrorist” organisation

“Argentina has accused top Iranian officials and a Hezbollah operative of being behind the AMIA attack in 1994.”