News that will impact your business
Market alertsJanuary-March | 2017
New services tax rule for the technology market
Tax on Services starts to be charged on services such as streaming and data storage and requires adjustment of the sector to keep in compliance
The National Congress approved at the end of December 2016 the Complementary Law No. 157/16, extending the collection of Tax on Services (ISS) to sectors that were not yet taxed, especially those geared to technology and content on the Internet.
Among the important sectors of technology that will be taxed are streaming, data processing, storage and hosting, and application, software and electronic games development services, among others.
Regarding these new ISS levies, questions about the actual framing as service provision can be raised, which results in an obligation to do, and companies must be aware of the rules by municipalities in order to adjust to the new tax obligation.
The new legislation has also established the minimum rate of 2%, which was already provided for in the Federal Constitution, and the impossibility of the municipalities to grant any tax incentive that results in a lower tax burden than that resulting from the application of the minimum rate.
The tax environment is changing due to the dynamics of the technology sector, which puts to the companies in the segment the challenge of keeping up do date to remain in compliance and, at the same time, competitive., Carolina Velloso Verginelli, Deloitte Tax partner and expert in indirect taxes.
Accountants and auditors: responsibility against non-compliance acts
Professional accountants and independent auditors will play a larger role in identifying, mitigating and reducing risks against corruption, fraud and money laundering
Brazil should adopt, from July 2017, a new international ethics standard proposed by the International Ethics Standards Board for Accountants (IESBA), which establishes that accountants and independent auditors should alert the management and those in charge of governance of the company when they discover, in the exercise of their functions, deviations from laws and regulations, such as corruption, fraud and money laundering.
The standard should also provide for the reporting to regulatory bodies, such as, for example, the Securities and Exchange Commission (CVM), the Financial Activities Control Council (COAF), the Federal Attorney’s Office (MPF) and the Federal Police.
With the measure, the accountants will be allowed to override the duty of confidentiality in the terms of the Code of Ethics in order to publicize deviations to the competent public authorities in certain circumstances, thus raising the reputation of the profession as a safety rail for reliable companies and contributing to a healthy global financial system.
The standard will stimulate a greater responsibility among organizations, will help to protect the involved parties against damages resulting from the violation of laws and regulations, and will strengthen the reputation of the category. Its implementation will have a significant impact in Brazil and other countries, not only for the accountants and independent auditors, but also in the regulatory and judicial spheres., Sandro Moreno, Deloitte Financial Advisory director for the forensic practice.
Regulamentação para o setor sucroenergético entra em vigor
Produtoras de etanol têm até agosto de 2017 para adequarem-se às normas de proteção ambiental da ANP
Companies producing ethanol have an important challenge in 2017: meet the regulatory requirements for the sugar and energy sector established by a resolution from the National Agency for Petroleum, Natural Gas and Biofuels (ANP). The standard regulates the entire chain of movement of biofuels in Brazil, including ethanol, previously considered an agricultural byproduct and not supervised by the Agency.
With the objective of ensuring industrial safety and environmental protection in the production of ethanol, the regulatory agency stipulated a period of adjustment that expires on August 31, 2017. However, according to a survey conducted by the Agency itself, only 5% of the segment is in accordance with the standards required, which may significantly impact the industry and involve severe penalties for the mills. This is the time for producers to make the necessary adjustments in order to be in compliance with industry regulations, in addition to prepare for the challenges of the transition.
This is a new subject for a large part of the producers, which will now be in a much more regulated environment. This will require an initial effort to evaluate the current stage of adhesion to the new requirements and, subsequently, to the adequacy itself., Patricia Muricy, Deloitte Financial Advisory director for the forensic practice.
Reformas à vista reforçam boas práticas de governança em licitações
Novas formas de contratação e fiscalização estão entre as principais mudanças propostas por projeto de lei
Em tramitação na Câmara dos Deputados, o Projeto de Lei nº 559/13 altera a regulamentação das licitações e os contratos da administração pública e institui um novo marco legal para essas práticas.
Entre as medidas, o Projeto de Lei propõe diretrizes para a fiscalização do Tribunal de Contas da União (TCU), como o aprofundamento técnico para justificar o pedido de paralisação de uma obra. Além disso, propõe penas mais severas para crimes de fraude à competição, em licitação e em contratos públicos, aumentando para até oito anos a pena de prisão.
Outra emenda de grande impacto propõe que as empresas prestadoras de serviços negociem os termos do contrato diretamente com os servidores públicos. A alteração impõe um ambiente mais flexível para a negociação, o que exigirá ainda mais maturidade por parte dos profissionais, tanto de empresas privadas quanto de órgãos públicos envolvidos nos processos de licitação, uma vez que será necessário garantir transparência na gestão, regularidade na contratação de bens, obras e serviços e segurança nas operações envolvendo a administração pública.
No âmbito de riscos, questões atreladas aos participantes, ao preço negociado e ao procedimento licitatório em si devem ser consideradas na elaboração de um programa de compliance preventivo e corretivo.