São Paulo State Announces Emergency Measures to Offset Impact of U.S. Tariffs on Brazilian Exports
Following new U.S. tariffs on goods imported from Brazil, several Brazilian states are implementing fiscal measures to cushion export-oriented companies. On 7 May 2025, governors from ten Brazilian states—São Paulo, Minas Gerais, Rio de Janeiro, Paraná, Santa Catarina, Rio Grande do Sul, Goiás, Mato Grosso, Amazonas, and the Federal District—met to assess the economic impact […]
Countermeasures Law: Government Issues Decree Regulating Retaliatory Framework
On 15 July 2025, the Brazilian Federal Government published Decree No. 12,551/25 in the Official Gazette. The decree implements the Countermeasures Law, enacted in April 2025, which authorizes suspending trade, investment, and intellectual property concessions in response to unilateral measures adopted by foreign countries or economic blocs. The decree was issued in the context of […]
Brazilian Federal Revenue Service narrows the base for calculating Interest on Equity by subordinate regulation
The Economic Reciprocity Law (Law No. 15,122/2025) was enacted by the Brazilian Federal Government without vetoes and published in the Official Gazette. The law provides legal tools that allow Brazil to adopt trade countermeasures in response to unilateral actions by foreign countries or economic blocs, based on criteria set forth in the law itself. This […]