On July 15, 2020, COANA Ordinance No. 29/2020 was published, establishing internal procedures related to the register of companies enrolled at Repetro-Sped or Repetro-Industrialização; Brazilian IRS employees must now check that these companies have been registered in the Brazilian IRS Portal. This requirement also applies to companies already qualified in either regime.
A company qualified in Repetro-Sped be must registered with the Brazilian IRS unit with jurisdiction for inspection of taxes levied on foreign trade of the company's headquarters.
A company qualified in Repetro-Industrialização must be registered with the Judgment Delegacies of the Brazilian IRS ("DRF") or with the Tax Administration Special Judgment Delegacies of the Brazilian IRS ("Derat"), whichever has jurisdiction over the company's headquarters.
Originally published 17 July 2020.
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Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The firm has a particularly strong and longstanding presence in the energy, oil and gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become "Tauil & Chequer Advogados in association with Mayer Brown LLP."
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