According to a release published by Agência Brasil, Brazil's Attorney General's Office (Advocacia-Geral da União - AGU) presented an appeal before the Federal Supreme Court on 1 July 2025, seeking to reinstate Presidential Decree No. 12.499/2025 and suspend Legislative Decree No. 176/2025. As previously reported, the National Congress approved Legislative Decree No. 176/2025 on 25 June 2025 to suspend (repeal) three earlier presidential decrees that increased the financial transactions tax …