The State of Rio de Janeiro, through State Treasury Office (SEFAZ) Resolution No. 71/2017, has revoked the Rio de Janeiro SEFAZ Resolution No. 1,050/2016, which suspended the proceedings for concession, extension or renewal of tax and financial benefits in the State of Rio de Janeiro.

This revocation occurred due to the appeal filed by the State of Rio de Janeiro under the public interest civil lawsuit No. 0064397-10.2016.8.19.0000, against the injunction that prohibited the concession, extension or renewal of tax and financial benefits in the State of Rio de Janeiro.

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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.