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LATIN AMERICA: "Trucks: Choppy Demand Expected to Continue in Brazil (Oct. 2014 - download report)"

LATIN AMERICA: "Trucks: Choppy Demand Expected to Continue in Brazil (Oct. 2014 - download report)". 5-page report by BAIRD.

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back to index backLATINtalk January,  2017


Brazil Tax News: Tax Regularization Payment Program

The Federal Executive Branch issued Provisional Measure 766 on January 4, 2017 (MP 766”), and published on the following day, with the force of law, which introduced the Tax Regularization Payment Program (PRT”) with the purpose of giving Brazilian taxpayers an opportunity to settle federal tax debts.

Benefits

The Payment Program does not provide for the amnesty of penalties (such as fine and interest), but it rather consists on the possibility of settling federal tax debts in installments according to different and special conditions. PRT is focused on debts that are under administrative or judicial discussion (active or passive lawsuits against the National Treasury Attorney's Office (Brazilian acronym PGFN”) and debts challenged by Brazilian Internal Revenue Service (Brazilian acronym RFB”)). In the latter case, the Program allows the partial settlement of the debts with the use of tax credits, including tax losses carry forward.

Eligible Debts

- Tax or non-tax related.
- Past due by November 30, 2016.
- Due by and charged to the taxable person (in the condition of the tax agent collector), as taxpayer or liable party.
- Not fully paid in previous payment programs.
- Challenged under administrative or judicial proceedings.
- Arising from infraction notices issued after the PRT release.

To read entire article, please click here.

Source: KPMG Brazil - GAI





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