VBR Brasil

Accounting • Audit • Tax • Consulting

[Some] Freedom at long last – The new Brazilian Labor Regulation

President Michel Temer recently signed the changes in the Brazilian “Consolidation of Labor Laws” (or CLT in Portuguese). Fruit of a dark age and an even darker dictator, Getúlio Vargas,…

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Independent Auditors and the Crimes in Petrobras

Press gave great visibility (see http://epoca.globo.com/politica) to a declaration made by KPMG, that audited Petrobras as from 2007 to 2011, saying, “They did not see acts of corruption perpetrated by…

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Sócio da Russell Bedford Brasil assumirá cadeira no Conselho Administrativo de Recursos Fiscais em Brasília

Foi publicado no DOU de 03/04/2017, Seção 2, pág. 44, a Portaria n. 154, de 31/03/2017, relativa à designação de Renato Vieira de Ávila, sócio na Russell Bedford Brasil (responsável…

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Brazilian Government Redefine Long Term Interest Rates

It is in fact the end of an era. The old TJLP (Portuguese, stands for “Long Term Interest Rate”), a generally flat and stable rate presently at 7% p.a. (incredible…

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Brazil and its incredible “Cases” – the Case of the VAT (ICMS)

One source of news, a very well known one at that (“Jota”) calls the present State VAT judgment by Brazilian Supreme Court as the “Judgment of the Decade”. For the…

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The Russian Roulette of the Brazilian Politicians

This week I published one of my “expletives” in my timeline in LinkedIn. At last (I thought) the corrupt leader of the Senate, Renan Calheiros, was being impeached through a…

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Autonomy versus Political Influence

I saw the above chart in Washington Post. It was brought to my attention by the Ethical Alliance Bulletin of June 22nd 2016. It could not be more adequate, despite…

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The Second Brazilian Revolutionary Law

As of June 30th 1994 we were world`s inflation practical joke. With peaks of up to 8,900% of annualized inflation, we were world`s #1. Well, soccer was better then, but…

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The Second Brazilian Revolutionary Law

As of June 30th 1994 we were world`s inflation practical joke. With peaks of up to 8,900% of annualized inflation, we were world`s #1. Well, soccer was better then, but…

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YPO Pulse – Analysis on the Brazilan CEO’s Confidence in the Country’s Economy

As I have presented here, quarterly, the results of the polls of YPO As of April 2016, regarding the 1st quarter of this tumultuous and politically confusing year. Impeachment process…

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Service Providers in Brazil – Tax on Services (ISS) Nightmare

A huge portion of the companies that came to Brazil during the “golden years” (2002-2011) were service companies, mainly web-based operations. In a general manner, they pay ISS, or Tax…

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Brussels urged to end Big Four dominance

Four international accountancy networks have taken the unusual step of jointly calling for changes to the audit market in Europe and arguing that regulatory intervention is needed to dilute the…

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