Industries and markets

Brazil: Senate approves Debureaucratization Plan in first round

Brazil is one of the world’s leading countries in terms of bureaucracy for tax calculation. This mainly affects companies that lack the appropriate financial resources to deal with bureaucracy, which in turn inhibits economic growth.

Brazil: 2019 Inspection Plan of Tax Authority

Results of the RFB Inspection 2018 On May 6, 2019, the Brazilian Tax Ministry Receita Federal do Brasil (RFB) published the results of its annual inspection in 2018 and the main sectors to be reviewed

Brazilian Lower House committee challenges Bolsonaro and Justice Minister Moro

“Brazilian lawmakers dealt a blow to the country’s graft-busting Justice Minister Sergio Moro on Thursday, when a congressional committee voted to transfer a key tool for monitoring financial transactions to the recently formed Economy Ministry.”

The bank expects the rate to stay at that level for the rest of the year, but flagged a possible rise to 7.5% in 2020, according to a statement released after its meeting.

“The bank expects the rate to stay at that level for the rest of the year, but flagged a possible rise to 7.5% in 2020, according to a statement released after its meeting.”

Inflation in Brazil peaks to an annualized 4.9% during April

“Annual consumer price inflation in Brazil rose to 4.9% in April, government statistics agency IBGE said on Friday, the highest in over two years and further above the central bank’s end-year target of 4.25%. It

Developers rush to supply electricity to Brazilian state that depends on Venezuelan power

“Developers have presented more than 150 proposals for power plants ahead of an auction this month to supply electricity to the Brazilian state of Roraima, which has struggled with a rash of blackouts due to

Brazil confident of a Mercosur/EU trade accord in coming weeks

“The European Union and Mercosur will likely close a trade agreement in the near future, Brazil’s Foreign Trade Secretary Lucas Ferraz said in an interview with Bloomberg. “We’ve never been so close,” Ferraz said adding,

Business, analysts doubtful about refinery plan, warn of financial risk

“If specialized international firms can’t make it work, can a government do so with little or no experience?”

Argentina: Doubled VAT fee and temporary Import Fee

VAT Increase From now on, according to the AFIP, the VAT rate on imports of certain goods will increase from 10% to 20%. This is the result of General Decision No 4461/2019, published in the

Brazil: Why the tax reform depends on the pension reform

The most sensitive issues of the new Brazilian government are the long overdue tax and pension reform. But which of them has priority? During a public hearing of the Human Rights Commission (CDH) on Monday,