The Federal Government has announced some tax measures aimed at reducing the economic impacts caused by COVID-19 and allowing the source of production and workers’ jobs to be maintained.
The Federal Government has announced a number of tax measures aimed at reducing the economic impact of COVID-19 and allowing the source of production and workers’ jobs to be maintained.
Among the most important measures is the 90-day suspension of administrative charges, which include:
- Protest of Active Debt Certificates.
- Exclusion from installment plans due to late payments.
Another interesting measure is the extraordinary transaction that will be carried out by adhering to the proposal of the Attorney General’s Office, made available to all taxpayers.
This transaction proposes an installment payment of 1% of the total amount of the debt, which can be divided into up to 3 installments, and the rest of the debt can be paid in installments as follows.
- In up to 81 installments, the value of each cannot be less than R$ 500.00.
- In up to 97 installments, in the case of individual taxpayers, individual entrepreneurs, micro-enterprises or small businesses, with each installment being no less than R$100.00.
- In up to 57 installments, in the case of social contributions provided for in item “a” of item I and item II of the caput of art. 195 of the Constitution.
There is also an express guarantee that the collection of debts will be maintained, but ensuring that the collection of taxes does not interfere with the taxpayer’s ability to generate results.
We suggest that companies carry out a study of their tax liabilities in order to analyze the feasibility of adhering to this benefit.
The deadline for adherence to the extraordinary transaction referred to in this Ordinance will remain open until March 25, 2020.
Marcos Martins Advogados puts its tax team at your disposal for further clarification on the subject.
The Federal Government has announced a number of tax measures aimed at reducing the economic impact of COVID-19 and allowing producers and workers to maintain their jobs.
Among the most important measures is the 90-day suspension of administrative charges, which include:
- Protest of Active Debt Certificate.
- Exclusion from installment plans due to late payments.
Another interesting measure is the extraordinary transaction that will be carried out by adhering to the proposal of the Attorney General’s Office, made available to all taxpayers.
This transaction proposes an installment payment of 1% of the total amount of the debt, which can be divided into up to 3 installments, and the rest of the debt can be paid in installments as follows:
- In up to 81 installments, with each installment being no less than R$ 500.00.
- In up to 97 installments, in the case of individual taxpayers, individual entrepreneurs, micro-enterprises or small businesses, with each installment being no less than R$ 100.00.
- In up to 57 installments, in the case of social contributions provided for in item I “a” and item
II of Article 195 of the Constitution.
There is also an express guarantee that the collection of debts will be maintained, but ensuring that the collection of taxes does not interfere with the taxpayer’s ability to generate results.
We suggest that companies carry out a study of their tax liabilities in order to analyze the feasibility of adhering to this benefit.
The deadline for adherence to the extraordinary transaction referred to in this Ordinance will remain open until March 25, 2020.
Marcos Martins Advogados makes its tax team available for further clarification on the subject.
Created on: March 20, 2020
By: Dr. Angelo Ambrizzi
Lead Tax Lawyer
