Deal follows agreement between government and congressional leadership that also unlocked other priorities; however, concentrated legislative push ends without constitutional amendments finalized 09/04/2026 Congress exempts from taxes foreign purchases up to $50 — Photo: Carlos Moura/Agência Senado Brazil’s Congress voted to make permanent a presidential decree (MP) on Thursday (3) exempting foreign […]
Alexandre de Moraes’s request alleges abuse of authority and political targeting after André Mendonça unsealed a report citing messages from former Banco Master owner Daniel Vorcaro 09/04/2026 Alexandre de Moraes — Photo: Brenno Carvalho / Agência O Globo Supreme Court Justice Alexandre de Moraes has asked for fellow Justice André Mendonça to be […]
Retailers Assaí, Casas Bahia, Dia and other industrial groups appear in investigation into alleged bribes to speed release of tax credits 09/04/2026 Cash-and-carry retailer Assaí is among companies cited in the ongoing tax-credit investigation — Photo: Divulgação São Paulo state prosecutors launched a new phase of Operation Icarus on Thursday (Sept. 3), targeting […]
Analysts see risks for Lula and an opening for Flávio Bolsonaro, but say scandal-weary swing voters may prove harder to move 09/02/2026 With a month to go before the first round of Brazil’s presidential election, the disclosure Tuesday (1) of messages involving Supreme Court Justice Alexandre de Moraes and former Banco Master owner Daniel Vorcaro is […]
Current IPI is expected to be restricted to the Manaus Tax Free Zone and apply to just 5% of industrial goods 09/02/2026 Tax lawyer Luiz Gustavo Bichara believes the government, “for political reasons and due to disorganization,” has not yet submitted the bill establishing the Selective Tax rates — Photo: Rogerio Vieira/Valor […]
Federal Police report says banker sought help from a justice before his arrest as court faces dispute over investigation 09/02/2026 A Federal Police report made public Tuesday (1) indicates that Supreme Court Justice Alexandre de Moraes was the intended recipient of a series of messages from Daniel Vorcaro, the former owner of Banco Master. In […]
Company seeks ANP approval to test underground CO2 injection in São Paulo using emissions from sugar-and-ethanol mills 09/01/2026 Renan Lopes, chief financial officer (left); Tiago Homem, technology director; and Daniel Pedroso, CEO of EnduraCarbon — Photo: Leo Pinheiro/Valor A company founded by former Petrobras and biofuel industry executives has asked the National […]
Gross debt reaches 82.5% of GDP, highest since 2021, while federal companies’ shortfall widens nearly 50% through July 09/01/2026 Tiago Sbaderlotto — Photo: Wenderson Araujo/Valor Brazil’s general government gross debt, the main gauge of the country’s public debt burden, rose to 82.51% of gross domestic product in July, Central Bank data released Aug. […]
Profert provides R$10bn in federal tax credits for new fertilizer plants, along with sector support from BNDES 08/31/2026 Brazil Potash CEO Matt Simpson — Photo: Rogerio Vieira/Valor The incentives provided under the Fertilizer Industry Development Program (Profert), sanctioned last Friday (28), together with existing benefits under the Manaus Free Trade Zone, […]
Spending rises 40.6% in real terms as stronger finances, borrowing and electoral cycle drive infrastructure outlays 08/31/2026 Samuel Kinoshita — Photo: Gabriel Reis/Valor Combined investment by Brazil’s states and Federal District (Brasília) hit a record in the first half of this election year, reaching R$42.9 billion. The total was up […]