Archive for December, 2015

Eleven states raise inheritance and donation taxes

December 23, 2015
Gustavo Querotti e Silva

Gustavo Querotti e Silva

To raise revenues, at least 11 states changed rates on the Inheritance and Donation Tax (ITCMD). Starting next year, the rates become progressive in most states until the legislated cap of 8%. The rate usually hovers around a fixed 4% today.

The new rates go into effect on January 1st in the Federal District and the states of Goiás, Ceará, Maranhão, Paraíba, Pernambuco, Rio Grande do Sul, Rio Grande do Norte, Sergipe and Tocantins. Only three of them already apply progressive rates. (more…)


Rousseff wins first battle against impeachment

December 17, 2015

The Supreme Federal Court (STF) ended Thursday — with a positive outcome for the government — the review on the rules for the opening of potential impeachment proceedings against President Dilma Rousseff.

As one of the main points of the ruling, the majority of ministers invalidated, for two reasons, the special committee of the Chamber of Deputies formed to analyze the impeachment request: they did not accept the alternative group created and approved by the opposition, with the support of government dissidents, and also because the election of its members was made in a closed vote. The members of a new committee must be appointed by party leaders and chosen in an open vote. (more…)

Bill changing rules for land acquisition by foreigners still on hold

December 14, 2015

In the face of growing resistance within the government about the issue, a Congress vote to authorize the purchase of land to companies with majority foreign capital, particularly multinationals, is increasingly distant from an outcome and should happen only next year.

Kátia Abreu