Brazil has published Ordinance SECINT/RFB 22091/2020, which officially shuts down the Integrated Foreign Trade System for Services, Intangibles, and Other Transactions that Produce Variations in Equity (Siscoserv). The Ordinance entered into force on 21 October 2020.
As previously reported, the shutdown of Siscoserv is part of broader efforts to reduce bureaucracy and improve the business environment in Brazil. However, information on cross-border transactions will still be collected and r…