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Tax Reform and Real Estate Transactions: What Changes in ITCMD and ITBI

With the regulation of the consumption tax reform under Complementary Laws No. 214/2025 and No. 227/2026, those who buy, sell, or transfer real estate now face clearer and stricter rules regarding property taxation. In the case of ITCMD (inheritance and donations), Complementary Law No. 227/2026 updates general rules and reinforces…

“Stress” in rural credit expected to persist until mid-2026

The Federation of Agriculture of Rio Grande do Sul (Farsul), a representative agribusiness organization, has indicated that the stress in Brazil’s rural credit sector is expected to persist until at least mid-2026. A possible stabilization may occur only after May, assuming economic conditions normalize and no further shocks arise. According…

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