On November 29, 2023, the Federal Government enacted Law No. 14,740, which provides for the incentivized regime for payment of tax debts.
The Program term is due within 90 days after the date of the law’s regulation, in April 1st, 2024.
The legislation allows taxpayers to pay debts that have not been assessed until the date of the law’s publication, as well as debts that were assessed between the date of publication and the end of the period for joining. By joining the Program, taxpayers will be able to pay their debts with the Federal Revenue Service with a 100% reduction in penalties and interest, as well as paying 50% of the amount owed with tax losses carry-forwards and the remainder in up to 48 instalments.
