Brazil

Grimaldi Alliance operates in Brazil through the law firm Drummond Advisors.

 

Founded with the objective of meeting the needs of companies operating in Brazil and abroad, Drummond provides legal, tax and accounting advice for all international business. The multidisciplinary team provides a comprehensive view of the challenges involved in international transactions, ensuring strategic planning and risk mitigation.

Find us

Belo Horizonte

Drummond

Av. do Contorno 10º andar 7069
MG 30110-043

San Paolo

Drummond

Rua Barão do Triunfo, 612 conj. 1309
São Paulo SP 04602-002 BRA

News from Brazil

Grimaldi Alliance

Knowledge Management

Dec 10 2024

Lens on Brazil

Us tax planning: strategies for the end of the year

As we approach the end of the year, it’s crucial to consider various US Tax Planning strategies that could impact your tax return in April 2025. From buying a private plane to realizing gains or losses, these actions can help you optimize your tax situation.
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Donald Trum's victory: economic impacts in the U.S. and consequences for Brazil

Donald Trump’s victory for a new term as President of the United States brings profound implications for the global economy. Trump’s promises to implement protectionist measures, increase tariffs, and cut taxes, along with an aggressive stance toward trade partners, could have significant effects on both international markets and the Brazilian economy.
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USCIS Policy drive growth in stem and extraordinary ability VISA applications

USCIS introduced significant updates to its policy guidance, providing clearer pathways for STEM professionals (People who work in Science, Technology, Engineering, and Mathmatics) and extraordinary ability individuals to access U.S. immigration benefits.
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News from Brazil

Integration of startups from the north and northeast regions of Brazil stimulates local innovation ecosysytems

With the support of the Brazilian Trade and Investment Promotion Agency (ApexBrasil), startups from the North and Northeast regions are gaining prominence at Web Summit Lisboa , one of the largest technology events in the world.
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With a focus on the environment and society, Brazil takes 400 startups to Lisbon

Apex, Sebrae and the federal government double the participation of companies in the Web Summit.
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Brazil's GDP grows 0.9% in Q3 2024. as expected

Brazil's Gross Domestic Product (GDP) grew 0.9% in the third quarter of 2024 compared to the previous quarter, showing a slowdown compared to the 1.4% growth recorded in the second quarter.
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Latin American and Caribbean Countries discuss best practices in Digital Governance

Security mechanisms in the digital environment need to be as fast and creative as cybercriminals, in order to minimize risks to the provision of digital services by governments. Illegal practices that cross borders make partnerships between countries, as well as clearer and more efficient regulations, increasingly necessary.
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Petrobras and Bndes form partnership for restoration in the Amazon

An agreement for ecological restoration with job and income generation in the Legal Amazon was signed by the president of Petrobras, Magda Chambriard, and the president of the National Bank for Economic and Social Development (BNDES), Aloizio Mercadante. The protocol of intentions foresees an investment of R$100 million over the next five years, with R$50 million coming from the Amazon Fund.
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Grimaldi Alliance

Knowledge Management

Nov 07 2024

Lens on Brazil

THE NEW BRAZILIAN LAW 14.995/2024: EMPOWERING SMALL BUSINESSES AND PROMOTING ECO-FRIENDLY INVESTMENTS

Brazil’s President sanctioned Law 14.995, a landmark piece of legislation aimed at permanently extending a range of programs designed to facilitate access to credit for small businesses and low-income individuals. Coming into force on October 11 after being published in the Official Gazette, this law significantly impacts the Brazilian economy by fostering entrepreneurship and sustainability.
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COMPLETE GUIDE FOR DIGITAL NOMAD: ESSENTIAL TAX OBLIGATIONS

The digital nomad lifestyle has become increasingly popular. The possibility of working remotely, exploring different countries, offers unique freedom. However, this freedom brings with it legal and tax responsibilities that cannot be ignored.
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COMPLETE GUIDE FOR DIGITAL NOMADS: ESSENTIAL LEGAL RULES

An article in the Harvard Business Review defines digital nomadism as “a lifestyle that allows you to take advantage of remote work to travel and reside in different places around the world, often in more accessible destinations”.
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BNDES AND US BANK SIGN AGREEMENT FOR INVESTMENTS IN BRAZIL

With the aim of improving and deepening joint investment opportunities in Brazil, the National Bank for Economic and Social Development (BNDES) and the US International Development Finance Corporation (DFC), the development bank of the United States, signed a framework cooperation agreement.
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"IT'S A NEW MOMENT IN BRAZIL", SAYS MINISTER DURING THE SIGNING OF THE COOPERATION AGREEMENT BETWEEN BRAZIL AND FRANCE

The Ministry of Culture (MinC) signed an important Memorandum of Understanding between Brazil and France, reaffirming the commitment to strengthen cooperation between the two countries in the cinematographic and audiovisual fields. The event took place during the Rio Market, a market space for the Rio Festival, one of the main events in the Brazilian audiovisual calendar.
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STARTUPS INCREASE THEIR FOCUS ON CLIMATE INTELLIGENCE

In times of increasingly frequent bad weather, climate intelligence is gaining prominence in Brazilian agribusiness. And this interest has led agtechs to increase their investment in this area.
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AMONG THE WORLD'S 100 MOST PROMISING FINTECHS, 5 HAIL FROM LATIN AMERICA

Last year, Latin America placed four startups on the Fintech 100, a survey by the North American market intelligence platform CB Insights. In 2024, there was an evolution: there are now five Latin names on the list that highlights the most prominent and promising fintechs in the market this year.
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IMF RAISES BRAZIL'S GDP GROWTH PROJECTION FOR 2024 TO 3%

The International Monetary Fund (IMF) raised its growth projection for the Brazilian economy this year from 2.1% to 3%. Despite the improvement in expectations for this year, the fund estimates a slowdown in 2025, with growth falling from 2.4% to 2.2%.
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Grimaldi Alliance

Knowledge Management

Oct 04 2024

Lens on Brazil

Tax Compliance Costs for Businesses in the USA 

Tax compliance costs represent a significant challenge for businesses in the USA. This reality impacts both profitability and growth capacity. In this article, we will explore the main aspects of compliance costs and their implications for the business sector. 

What are Tax Compliance Costs? 

Tax compliance costs include all expenses related to fulfilling tax obligations. This covers expenses for accounting, consulting, and software. Additionally, the time invested by employees to handle tax matters is an aspect to be analyzed. 

Financial Impact on Businesses 

According to the Tax Foundation, small and medium-sized businesses face the greatest challenges. Compliance costs can consume up to 60% of the time dedicated to financial management. This reduces the resources available for investments and innovations. For many businesses, this results in less growth and competitiveness in the market. 

The Need for Reform 

The complexity of the tax system is one of the main reasons for the high costs. A reform can simplify tax obligations by modernizing the current system. Automating tax tasks can reduce costs and increase efficiency. 

How to Manage Compliance Costs? 

  • Automation: Use tax management software. They help reduce errors and save time. 
  • Training: Invest in training for your team. Well-trained employees manage tax obligations more effectively. 
  • Consulting: Consider hiring specialists. Tax consultants can provide valuable insights. 

Tax compliance costs for businesses in the USA are high and increasing. However, tax system reform and the adoption of technology can provide some relief in costs. Efficient tax compliance management can lead to a healthier and more competitive business environment. 

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