Recently, the Tax and Fees Court (TIT) decided to review Summary 10, which deals with the interest rate on arrears applied to the amount of tax and fine, to adapt it to the understanding that had already been established by the Court of Justice of São Paulo and by the Supreme Federal Court itself.
The review proposal was approved by more than 2/3 of the judges of the Superior Chamber and, with the new wording, “the interest on arrears, applicable to the amount of tax and fine required in infraction notices, are limited to the Reference Rate of the Special Launch and Custody System – Selic, applicable to the collection of federal taxes”.
