On 16 December 2023, the House of Representatives approved the bill of Tax Reform, based on PEC 45 (Constitutional Amendment Bill), in the final round after the Senate’s approval.
The final wording was published on 21 December 2023 (Constitutional Amendment No 132/23).
Federal Decree No. 11,786/2023 was published on 21 November 2023, establishing the National Policy for Quilombola Territorial and Environmental Management (PNGTAQ). The policy aims to, among others, support and promote territorial and environmental management practices of quilombola communities, strengthen the territorial and environmental rights of these communities, and promote the implementation of public policies in an integrated manner and the conservation and sustainable use of biodiversity.
On 6 November 2023, State Law No. 17,832 of 1 November 2023 was published in the Official Gazette of the State of Sao Paulo, creating the “Consolidation of the State’s Consumer Protection Laws,” which aims to unify the main laws that protect consumer rights in the state, bringing them together in a single document to facilitate legislative consultation.
Following the release of the inaugural standards of the International Sustainability Standards Board (ISSB) — IFRS S1 and IFRS S2 — the Securities and Exchange Commission of Brazil (CVM) released the first delivery of what it calls the CVM’s Sustainable Finance Action Plan: CVM Resolution 193, which deals with the preparation and disclosure by publicly traded companies, securitization companies and investment funds of financial information reports related to sustainability.
On 21 September 2023, Law no. 14,689/2023 was enacted as a result of the sanction, with vetoes, by the Vice-President of the No. 2,384/2023, with the purpose of disciplining the proclamation of judgment results in the event of a tie vote within the scope of the Administrative Council of Tax Appeals (CARF), among other measures connected to tax litigation and the transaction in the collection of credits by the Federal Treasury.
On 30 August 2023 Bill No. 2,384/2023 was approved, with the purpose of disciplining the proclamation of judgment results in the event of a tie vote within the scope of the Administrative Council of Tax Appeals (CARF), among other measures connected to tax litigation and the transaction in the collection of credits by the Federal Treasury.
The proposed law which regulates the use of Artificial Intelligence in Brazil considers a risk-based approach inspired by the EU AI Act and looks at high, medium and low risk obligations and liabilities.
SECEX published on 11 August 2023 an official notice of initiation of a new sunset review investigation concerning the antidumping duties in force against Brazilian imports of nitrile rubber originated from South Korea and France (Circular No. 29, dated of 10 August 2023). The investigated product is used by the general industry, in the automotive industry, and in the segment of mineral oils, which require strength, as well as great resistance to heat and abrasion.
The Brazilian Data Protection Authority opened on 16 August 2023, a public consultation regarding the Preliminary Study on the personal data processing legal basis of legitimate interest. The consultation will be open for 30 days (until 15 September) on the Participa Mais Brasil platform.
On 15 August 2023, the Brazilian Data Protection Authority launched a public consultation on the regulation of international transfer of personal data, which will be available for 30 days (until 14 September 2023) on the Participa Mais Brasil platfom. The draft under public consultation sets forth the Resolution of the Regulation of International Transfers of Personal Data and the Standard Contractual Clauses template, establishing provisions for the international transfer of personal data according to the Brazilian General Data Protection Law.