The Investment-Development Bank of the Republic of Srpska, in cooperation with the Government of the Republic of Srpska and with the support of the President of the Republic of Srpska, Mr. Milorad Dodik, will be hosting a two-day investment event titled “Invest Srpska”.

This event, held under the slogan “Explore, Discuss, Invest”, will take place at the “Termag” Hotel complex on the Olympic mountain Jahorina, from November 12 to 13, 2024.

The event will convene distinguished representatives of domestic and international institutions, companies, and organizations, providing them with the opportunity to learn about the Republic of Srpska ad an attractive investment destination, explore public investments and economic project, and forge new pathways for future business partnerships.

During the Conference, discussions will focus on current global events and their impacts on domestic socio-economic trends, modalities for promoting exports, and the investment attractiveness of the Republic of Srpska in an international context. The conclusions of the Conference will be integrated into the development and strategic documents of the Republic of Srpska.

At the Forum, concrete offers for investment in the Republic of Srpska will be presented, from public project to investments in business and industrial zones, from business connections between international companies and companies from the Republic of Srpska through B2B meetings to the presentation of offers for the sale of companies from the Republic of Srpska.

A detailed Agenda will be published on our online platform www.investsrpskaforum.com and provided to registered participants.

Grimaldi Alliance (GA) ha ottenuto la certificazione della parità di genere: un importante traguardo per GA che dimostra così la grande attenzione da sempre data alla gender parity nel settore dei servizi professionali.

La certificazione è stata conseguita secondo la prassi UNI 125:2022 che definisce le linee guida per un sistema di management della gender equality e  rappresenta un riconoscimento significativo per l’approccio proattivo e il lavoro incessante dello studio per promuovere un ambiente di lavoro equo e rispettoso delle diversità di genere: cultura e strategia; governance; processi human resources; opportunità di crescita e inclusione delle donne in azienda; equità remunerativa per genere; tutela della genitorialità e work-life balance. La certificazione è stata ottenuta con il supporto di un team coordinato da Daniela Fioretti, partner e componente del Comitato Strategico Consultivo.

Francesco Sciaudone, managing partner di Ga ha commentato: «Questa certificazione riflette il lavoro e l’impegno del nostro team nel creare un ambiente inclusivo e rispettoso, dove le differenze di genere sono valorizzate e celebrate. Grimaldi Alliance – ha precisato Sciaudone – non ha solo messo al centro della propria strategia di crescita l’inclusione, ha anche declinato la diversity come eliminazione di ogni differenza di trattamento, come voglia di fare la differenza e come essere diversi, in un mercato dei servizi professionali troppo preoccupato della tecnologia e troppo poco del fattore umano, che resta invece centrale per noi. Ga è determinato a mantenere questo impegno continuando a sviluppare iniziative volte alla Diversity e alla sostenibilità, non solo all’interno dello studio ma anche nel supporto attivo dei propri clienti. Ga ha infatti costituito un team multidisciplinare – con i partner Maddalena Boffoli, Vincenzo Maurizio Dispinzeri, Francesco Conti – al fine di assistere le imprese nei processi di certificazione e più in generale di adeguamento della propria governance rispetto ai principi della sostenibilità e della gestione dei fattori ESG».

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Strategies for reducing taxes: adapting to the new rules of the Tax Reform in Brazil

In this article, we explore effective strategies for reducing taxes and ensuring compliance with the new rules of the Tax Reform in Brazil. Tax planning is a recurring topic on business and family agendas, especially with the imminent tax reform in Brazil. The new regulations will significantly impact the incidence of taxes on inheritances, donations and private pension plans.

What will change in inheritances with the new rules of the Tax Reform?

The main topic is the changes to the Causa Mortis and Donation Transfer Tax (ITCMD). Currently, each Brazilian state sets its own rate, which can be fixed or progressive, with a ceiling of 8%. With the reform, the ITCMD will become progressive, increasing according to the value of the estate.

In addition, the ITCMD will also be applied to open-ended private pension plans, including Free Benefit Generator Plans (PGBL) and Free Benefit Generator Life (VGBL). Amounts invested more than five years ago in the VGBL will not be taxed in the event of death.

Another significant change is the inclusion of ITCMD on inheritances and donations of assets abroad, a tax that until now did not exist for beneficiaries domiciled in Brazil. The Treasury estimates that the ITCMD represents 0.4% of the national tax burden, in line with the average for OECD countries.

Strategies to Minimize the Impacts of Tax Reform

• Creating Family Holdings: One of the main strategies is to structure family holdings. For those who own a lot of real estate, for example, it is possible to set up a real estate holding company, transferring the real estate to the company and leaving the holding shares to the heirs.
• Allocating resources abroad: For larger assets, allocating part of the resources abroad can be an alternative. This practice, if done legally and with income tax declared, helps to mitigate the “Brazil risk”.
• Lifetime Gifting: Anticipating the transfer of assets while you are still alive is another strategy. With the tax reform, donating real estate and other assets before the new rules come into force can minimize future tax impacts.
• Specialist advice: It is essential to rely on the advice of professionals who specialize in tax and succession planning.

The changes brought about by the tax reform require a careful review of estate planning. Anticipating and properly structuring the succession of assets can lead to significant tax savings and guarantee financial security for generations to come.