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Brazil Provides Better Terms for Tax Debt Settlement

02 August 2022

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Approved Changes

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Brazil

Brazil has published Law No. 14.375 of 21 June 2022, which amends past laws in relation to the settlement of tax debts. This includes: An increase in the maximum discount on the amounts of fines, interest, and other charges from up to 50% of the total debt to up to 65%; An increase in the allowed number of monthly installments from 84 to 120; Rules allowing for the use of credits from corporate income tax (IRPJ) losses and/or a negative social contribution on profits (CSLL) calculation base to pay off tax debts; Rules allowing for the settlement of tax debts...