The reductions can reach 70% and have a maximum term of 90 days. Contracts may be suspended for up to two months. Affected employees will receive compensation from the government, which can reach up to 100% of the unemployment insurance they would receive in case of dismissal.
The government published Provisional Measure 932/2020, which reduces for three months the contributions that are collected by companies. The measure reaches entities such as Sesi, Senac, Senai, Sesc, Sest, Senar and Sescoop. According to the government, altogether the rates paid by the productive sector will be cut by 50%.
To flex your costs during the COVID-19 crisis, Provisional Measure 927 was published. It provides: • Home Office Work – The adoption of the work regime for interns and apprentices is permitted. The Company, if needed, provides the necessary materials for the employee. The employee must be available within his working hours.
April 30, 2020 is the deadline for companies and private associations to hold their respective shareholders ‘or associates’ meetings for the management accounts for the fiscal year ended on December 31, 2019, as provided for in Law no. 10,406 / 2002 (“Civil Code”).
With our accounting know-how, Jade Associates offers your company the necessary services to set up in Brazil. Our specialized professional team sum a very large experiemce. We and our network of partner companies will give you all the necessary support.