ROUTE 2030: a new special tax regime for the automotive sector

On 11th December 2018, Law No. 13.755/2018 was sanctioned, as a result of the conversion of Provisional Measure No. 843, known as “Route 2030”, establishing a special tax regime for the automotive sector, by granting fiscal incentives to car manufactures...

Federal Government updates Income Tax Regulation

On 23rd October 2018, the Federal Government published Decree No. 9,580/2018, which, unexpectedly, revoked Decree No. 3000/1999 (“RIR /99”), responsible for regulating taxation, administration, supervision and collection of Income Tax (IR) over the last 19...

Brazil legalizes fixed-odds sports betting

Law No. 13,756/2018 was published yesterday. Originally intended solely to redirect the proceeds of government-run lotteries more heavily to public security, the new law also creates a new form of authorized wagering in Brazil: fixed-odds sports betting (although the...