Angelo Ambrizzi
Lawyer at Marcos Martins Advogados
Due to the COVID-19 pandemic, the Federal Government has taken several steps to reduce the financial impact suffered by companies.
In this regard, the Attorney General’s Office of the National Treasury has established the rules for the new exceptional transaction, which basically consists of granting taxpayers better conditions for paying their tax debts.
This transaction allows for the payment in installments of up to R$150,000,000.00 (one hundred and fifty million reais), including credits that have already been executed or that were the subject of a previously terminated installment plan, with or without suspended enforceability.
Its great advantage is the possibility of granting up to 100% discount on fines and interest, depending on the category the taxpayer falls into, as well as a down payment of 0.334%, which can be divided into up to 12 installments and the rest in up to 133 months.
Adherence will be exclusively by adherence to the proposal made by the Attorney General’s Office of the National Treasury, with the taxpayer having between July 1 and December 29, 2020 to consolidate.
Individuals, individual entrepreneurs, cooperative societies, small businesses, educational institutions and other legal entities, even those under judicial reorganization, can join the transaction.
It should be noted that for the company to join the transaction, the negative financial impact caused by the pandemic caused by COVID-19 must be proven.
Marcos Martins Advogados makes its tax team available to answer any questions you may have.
