On 10 March 2016, Brazil published the National Congress Declaratory Act No. 5/2016 in its Official Gazette, revoking Provisional Measure (PM) 694/2015. PM 694, published 30 September 2015, introduced changes concerning Interest on equity capital (JCP), and suspended certain R&D incentives ({News-2015-10-14/A/2- previous coverage}). Despite being approved by Brazil's Chamber of Deputies on 2 March, it was not approved by the Senate and the validity of PM 694 was ended effective 8 March.
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