On July 07, 2017, SEFAZ Resolution No. 94/2017 was published, extending the deadline to file information regarding the tax benefits and tax exemptions in the State of Rio de Janeiro that were established by Resolution No. 90/2017. The new deadline is August 04, 2017.

This new deadline only applies to documents related to the requirements or conditions of the tax benefits and tax exemptions described in Resolution No. 90/2017. Tax benefits or tax exemptions on sales in cases where only the purchaser (and not the seller) is the beneficiary of the tax benefit/exemption, should not be reported.

The maintenance of those tax benefits and tax exemptions is conditional upon the filling of such information.

For more information regarding this legal update, please contact TaxpartnersTC@mayerbrown.com.

Observations in this update about Brazilian law are by Tauil & Chequer Advogados. They are not intended to provide legal advice to any entity; any entity considering the possibility of a transaction must seek advice tailored to its particular circumstances.