Industries and markets

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.”

Mercosur aims for tax-free car sales

“Experts discuss internally what the approach and timing should look like.”

Bolsonaro’s 200-day administration stimulus package will be announced 24 July

“Brazil’s government is expected to detail its plans to release funds from the workers’ severance fund, known as FGTS, on July 24, the presidential chief of staff Bolsonaroaid.”

Huawei is not restricted in Brazil, says VP Hamilton Mourao

“Huawei, a leader in next-generation 5G wireless technology, is barred from developing 5G networks in the United States over concerns about its ties to the government in Beijing and possible security threats.”