Publications
It is possible to litigate levy of ITBI tax when the calculation basis considers the value of future construction to be carried out by the purchaser.
Legislative changes under discussion are aimed at combating the short-term economic effects of the pandemic and tackling the lack of investments in infrastructure, which tends to increase during the post-crisis period.
New model is more flexible, based on internal risk assessment. Central Bank of Brazil Circular No. 3461 and CVM Instruction No. 301 take effect on July 1.
The Brazilian government has included postponement in an Executive Order that addresses emergency benefits related to the covid-19 pandemic. The text now goes to Congress for consideration, which can still change deadlines.
The approach of the new rule proposed is similar to that of CVM Instruction No. 622, which regulated digital meetings for publicly-traded companies in Brazil. The measure is part of a package of rules issued to tackle the challenges presented by the covid-19 pandemic.
Measure contributes to modernizing the Brazilian notary system, which can help boost the economy and real estate businesses that rely on the services of notary offices.
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