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In recent years, the betting and gaming industry in Brazil has undergone significant transformations. The country is in the final stages of establishing its regulatory framework, aiming to organize and regulate this emerging market, which is expected to become one…
The Electronic Invoice (NF-e) is a fundamental pillar in Brazil’s invoicing structure, serving as a digital document that authenticates, records, and validates commercial transactions in real-time. Understanding the fundamentals of the Electronic Invoice in Brazil is crucial for navigating and…
Essential Balance Sheet Consolidation Balance sheet consolidation is a crucial accounting practice for companies with subsidiaries or controlled entities. This process involves unifying the financial statements of multiple entities within a business group, providing a comprehensive and accurate financial view.…
What is Tax Compliance and Why is it Essential for Your Business? Since the enactment of the Federal Constitution in 1988, Brazilian legislation has undergone numerous changes. According to the Brazilian Institute of Planning and Taxation (IBPT), between 1988 and…
Brazil: CLT x PJ Costs chosing between hiring employees as CLT (Consolidation of Labor Laws) or PJ (Legal Entity) is a crucial decision for many companies in Brazil. Both options present financial advantages and disadvantages that can significantly impact a…
PIS and Cofins: Brazilian Government Restricts Use of Credits Find out how Gescon can help you: gesconconsultoria-com-br.rds.land/tipos-de-servico-gescon In the Brazilian tax landscape, new government regulations are causing significant repercussions among companies and accounting professionals. Recently, significant restrictions were imposed on the…
Payroll Tax Relief: A New Opportunity for Companies and Municipalities In a crucial decision for both public and private sectors, the Supreme Federal Court (STF) extended the payroll tax relief by 60 days, providing extra breathing room for companies and…
Understanding FGTS Modalities and Changes to Anniversary Withdrawal in Brazil The Fundo de Garantia do Tempo de Serviço (FGTS), or Severance Pay Fund, is a right of all Brazilian workers with formal employment. This fund operates as a financial reserve…
The basic interest rate, known as the Selic Rate, is one of the main instruments used by the Central Bank to control inflation and stimulate the economy. Recently, the Monetary Policy Committee (Copom) announced a reduction in the Selic Rate,…
Adoption of International Financial Reporting Standards (IFRS) in Brazil: Challenges and Opportunities The adoption of International Financial Reporting Standards (IFRS) in Brazil represents a significant milestone for the country, bringing with it a series of challenges and opportunities for companies…