The Vienna Convention on contracts for the international sale of goods is already a reality in Brazil

There are many issues in the legal field today regarding international contracts for the sale of goods, differences of legal regimes, religion, culture, and language, for instance, come as a barrier to cross-border transactions between companies and entrepreneurs from all over the World. These hindrances serve as discouragement to companies to expand their activities and…

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Brazilian supreme court rules on the exclusion of state VAT from PIS/COFINS

Brazilian Supreme Court (STF) has recently decided for the unconstitutionality of considering theState VAT (ICMS)in the tax base of contributions PIS and COFINS. The tax base to calculate such contributions is the companies’ turnover, or gross revenue. In the Supreme Court’s ruling on RE (extraordinary appeal)n. 574.706 it was acknowledged that State VAT (ICMS) should…

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