- 24/01/22
Tax transaction for companies under SIMPLES tax regime
After the presidential veto to the REFIS (tax debt renegotiation program) for small commercial and manufacturing business at the end of 2021, the Brazilian Attorney General’s Office of the National Treasury (PGFN) edited a tax transaction program.
The program allows companies affected by the Covid -19 pandemic to pay debts in up to 137 installments, with up to 100% reduction in interest, fines and legal charges. The discount is defined based on PGFN assessment regarding recoverability of the credit, based on the evaluation of the taxpayer’s economic situation.
PGFN program only covers debts registered in active debt, those that can be protested and subject to tax foreclosure.