It is unreasonable to demand payment of Tax on Rural Territorial Property (ITR) in areas whose invasion by third parties prevents the holder from exercising full ownership of the rural property The Tax on Rural Territorial Property (ITR) is the federal tax whose taxable event is the ownership, useful domain or possession of property located…
Shortly after completing ten years of existence, the Individual Limited Liability Company ceases to exist in the Brazilian legal system and gives way to the newly arrived single-member limited liability company. Seeking to facilitate the opening of companies and corporate bureaucracy reduction, on August 26, 2021, Law no. 14.195 was enacted, bringing the single-member limited…
In recent years, cases in the media involving the dispute between famous athletes and the Federal Revenue Service of Brazil have become common. The clashes are similar: after gaining notoriety by signing millionaire advertising contracts, sportspeople create Legal Entities to receive revenue, with the consequent distribution of profit to the partners. The reason for the…
Eighteen (18%) percent of the Brazilian adult population annually goes to court in hopes of third parties to resolve their conflicts. The expenses for the maintenance of the judiciary, in turn, surpassed the level of BRL 1 billion in 2019[1], that is, a quarter of the amount spent on all basic education in the same…
