Services

NEWS FLASH

UPCOMING WEBINAR - TURKEY: FUNDAMENTAL CHANGE OR BUSINESS AS USUAL?...

Learn More

COUNTRY INSIGHTS

A solution to the payroll tax exemption issue may be found this week, the president of the Parliamentary Agribusiness Front criticized the government, and Haddad is expected to maintain the zero-deficit target
BRAZIL POLITICS · Report · 07 Feb 2024

According to the Minister of Finance, Fernando Haddad, and the government leader in the Senate, Randolfe Rodrigues, a solution will be found to the payroll tax exemption issue by the end of the week. But Haddad believes everything will depend on President Lula's approval. The president of the Par...

Congress listed its priorities for the year, Lira stressed that the government needs to negotiate with Congress more, and Padilha will meet with Congress's leaders
BRAZIL POLITICS · Report · 06 Feb 2024

Both Lira and Pacheco spoke about the need to regulate artificial intelligence. The regulation of Tax Reform was also mentioned. While Lira targeted his messages toward the Executive Office, Pacheco focused more on the Judiciary. Lira said that achievements such as the payroll tax exemption and P...

Political negotiation in check and other weekly topics
BRAZIL POLITICS · Report · 05 Feb 2024

The National Congress resumes its activities in a climate of tension with the Executive Office. As this is the week before Carnival, there are unlikely to be any important votes. In the economy, the highlights are the release of the Copom minutes and the IPCA for February. This week's Talking ...

Congress resumes activity today, the government outlines its priorities for the year, and unions may reach an agreement to end civil servants' strike
BRAZIL POLITICS · Report · 05 Feb 2024

The legislative year is set to begin today at 3 p.m. in a formal session of the National Congress. According to the Minister of Institutional Relations, Alexandre Padilha, the government should detail its list of priorities for 2024 right after Carnival. The municipal elections in October will dr...

Lula participates in Marta Suplicy’s accession to the PT, Congress resumes activity next week, and the government may launch the Voa Brasil program
BRAZIL POLITICS · Report · 02 Feb 2024

Today, President Lula participates in Marta Suplicy’s accession ceremony to the PT. Marta left the MDB and returned to the PT to run as vice mayor alongside Guilherme Boulos (PSOL) for mayor of São Paulo. Next week, the National Congress will resume activity. Some issues will be prioritized with ...

A possible budget cut is driving debates behind the scenes, the STF will adjudicate the lifetime ICMS review, and Lewandowski becomes the new Minister of Justice
BRAZIL POLITICS · Report · 01 Feb 2024

A possible Budget cut is driving the fiscal debate in Brasília. The deputy leader of the government in the House, Deputy Pedro Paulo (PSD-RJ), announced that he intends to present a complementary bill or an amendment to a matter that is already being analyzed in the House to formalize the governm...

The Central Bank will announce the new Selic today, Lewandowski will become the new Minister of Justice tomorrow, and the Minister of Labor meets with Parliamentary Fronts to discuss work on Sundays and holidays
BRAZIL POLITICS · Report · 31 Jan 2024

Today, the Central Bank will announce its decision on the basic interest rate (Selic), which is currently at 11.75% per year. The rate is expected to be reduced to 11.25%. Tomorrow, February 1, President Lula will inaugurate Ricardo Lewandowski at the Ministry of Justice and Public Security. Lewa...

The Central Bank meets to decide the Selic, union representatives will meet with the government to discuss the civil servants' strike, and working groups on Tax Reform will be created
BRAZIL POLITICS · Report · 30 Jan 2024

Today, the Central Bank meets to decide on the basic interest rate (Selic). The Selic is expected to be reduced to 11.25%. Pressure from civil servants for salary hikes remains strong. Employees and representatives of the Central Bank union (Sinal) will meet with the Ministry of Management and In...

What to expect from the municipal elections and other weekly topics
BRAZIL POLITICS · Report · 29 Jan 2024

In the last week of the congressional recess, the government is negotiating solutions to a series of disagreements with Congress. Payroll tax relief and vetoes of congressional funds continue to create tension. The president of the House, Arthur Lira (PP-AL), is trying to discuss friction between...

The STF decides on the lifetime review of the INSS, Lewandowski takes over as Minister of Justice, and Vale discusses the appointment of a new president
BRAZIL POLITICS · Report · 29 Jan 2024

The Supreme Federal Court (STF) is expected to adjudicate an appeal submitted by the Attorney General's Office (AGU) against a decision that recognized the right of retirees to opt for the application of the most beneficial rule in calculating the retirement benefit (lifetime review of the INSS)....

President Lula’s veto of parliamentary funds was criticized by members of Congress, Lira should meet with House leaders to discuss the veto on Monday, and a proposal on the strikes may be presented next week
BRAZIL POLITICS · Report · 26 Jan 2024

President Lula's (PT) veto of a significant portion of congressional funds was poorly received among deputies and senators, and now negotiations for changes to the budget are a priority for the Planalto Palace. It is worth remembering that many congress members were counting on the funds to deliv...

The government will issue a new ordinance regarding work on holidays, Lira scheduled a meeting with leaders next week, and the Voa Brasil program should be announced by President Lula on February 5
BRAZIL POLITICS · Report · 25 Jan 2024

Yesterday, a meeting in Brasília finalized the agreement between the government, businesspeople, and workers regarding working rules for the retail sector on holidays. With the agreement, a new ordinance will be published, defining which commercial activities require and which do not require prio...

The National Negotiation Table meets to discuss work in retail on holidays, Haddad said that the income tax exemption range will be updated by February, and the Federal Revenue Service published updated data for 2023
BRAZIL POLITICS · Report · 24 Jan 2024

Today, January 24, the National Negotiation Table meets for the first time in Brasília to discuss work in retail on holidays. The table was requested after, at the end of last year, the Ministry of Labor issued a decree revoking the permanent authorization to work in retail on holidays. The Minis...

The Annual Budget Law was sanctioned by Lula yesterday, Federal Revenue Service tax auditors continue their strike, and Haddad said the government may have to cut spending to meet the zero-deficit fiscal target
BRAZIL POLITICS · Report · 23 Jan 2024

The Annual Budget Law (LOA), which was sanctioned by President Lula (PT) yesterday, was published in today's Federal Official Gazette. He vetoed part of the budget foreseen for committee amendments. The National Congress will likely try to overturn Lula's veto and reestablish the amendments. Acco...

The fiscal balance issue and other weekly topics
BRAZIL POLITICS · Report · 22 Jan 2024

Although there are no public meetings scheduled, the leaders of the National Congress, especially those in the House, are discussing payroll tax relief. This will be a busy week concerning industrial policy, with negotiations around the taxation of imported steel and the publication of the 2024-2...

Copyright 2024 GlobalSource Partners. All rights reserved.