Live Breaking News & Updates on Camila somadossi

Stay informed with the latest breaking news from Camila somadossi on our comprehensive webpage. Get up-to-the-minute updates on local events, politics, business, entertainment, and more. Our dedicated team of journalists delivers timely and reliable news, ensuring you're always in the know. Discover firsthand accounts, expert analysis, and exclusive interviews, all in one convenient destination. Don't miss a beat — visit our webpage for real-time breaking news in Camila somadossi and stay connected to the pulse of your community

Tax aspects of Brazil's Judicial Reorganisation Law | International Tax Review

Important changes have been made to the Judicial Reorganisation Law
On March 18 2021 the Brazilian Congress analysed the vetoes made by President Jair Bolsonaro to the provisions of Law 14,122/2020, approved on December 24 2020, which made important changes to the Judicial Reorganisation Law (Law 11,011/05).
Taxes losses
In total, 12 of the 14 presidential vetoes were overruled by Congress, and two of them (Article 6-B and Article 50-A) are specifically relevant from a tax perspective.
The first refers to the possibility of fully using taxes losses, without the 30% limitation, over net income resulting from capital gains from the disposal of fixed assets or rights by the legal entity under judicial reorganisation. As an exception, this does not apply for capital gains resulting from transactions with related entities and with an individual who is a controlling shareholder, partner, owner, or administrator of the legal entity which is the debtor.

Brazil , Brazilian , Bruno-santo , Fernanda-sampaio , Finocchio-ustra , Jair-bolsonaro , Camila-somadossi , Euromoney-institutional-investor , Brazilian-congress , Contribution-for-the-social-integration-program , Judicial-reorganisation , President-jair-bolsonaro