News September 18, 2017

Regularization of tax debts — mind the deadlines

Pay attention to the dates and carry out the regularization of your company’s tax debts. The period to formalize the request to join the PPI-2017, of the Municipality of São Paulo, ends on October 31 of this year. As for those who wish to join the PERT, they may do so until September 29, as the deadline has been extended.

PPI – Those who have municipal tax debts can settle their accounts with the public coffers in São Paulo. The Municipality presents an installment plan for individuals and legal entities. Law 77.777/17 instituted the Incentivized Installment Program (PPI) 2017 for the regularization of tax and non-tax debts incurred up to December 31, 2016. Read more here.

PERT – The Federal Revenue Service regulated the Special Program for Tax Regularization (PERT), which allows the negotiation under special conditions of any tax debts owed to the National Treasury, due up to April 30, 2017, of individuals or legal entities. In this program, the taxpayer may opt for one of the following modalities, among others:

– Cash payment in money of at least 20% of the value of the consolidated debt, without reduction, in 5 successive monthly installments, due from August to December 2017, and the settlement of the remainder using credits from tax losses and the negative calculation basis of the Social Contribution on Net Profit (CSLL), or with other own credits relating to the taxes administered by the Brazilian Federal Revenue Service.

– Payment of the consolidated debt in up to 120 successive monthly installments.

 

Access here to learn more.

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