Publications
A judgment by the Supreme Court scheduled for April could end the criminal illegality of gambling, while PL 442/91, which regulates the activity in Brazil, advances in the Legislative Branch.
The current scenario in the Brazilian Administrative Tax Appeals Court (Carf) is marked by uncertainties, with decisions defending accumulation of fines and others in the opposite direction. The understanding of the Supreme Court and the Superior Court of Appeals is based on the doctrine of absorption for situations of concurrent levies, although Carf needs not observe it.
The new legislation represents a major development for the securitization industry in Brazil, as it allows for greater standardization in the structuring of transactions with different types of securities, reducing costs and providing greater legal certainty for investors.
The rule enters into force on July 1 with innovations for small scale business companies in the public offering of securities with exemption from registration and carried out through an electronic crowd investment platform.
The Brazilian Supreme Court softened the effects of the decision that recognized as unconstitutional levying of the tax by the states and decided that they are effective as of April 21, 2021.
For the tax authorities, young apprentices are linked to the Brazilian General Social Security Regime and compulsorily insured, which justifies the requirement of social security contributions. But decisions to the contrary have been handed down in federal courts.
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