Earlier this month, Law No. 14,148/21 was published, allowing taxpayers in the events sector, including sectors such as tourism and hospitality, to renegotiate their tax and non-tax debts, including those with the FGTS, in up to 145 installments, with discounts that can reach 70% of the debt value.
Although still pending regulation, the program, known as PERSE (Emergency Program for the Recovery of the Events Sector), will not require a minimum down payment or presentation of collateral for taxpayers to participate in the installment plan. However, when calculating discounts, the impact of the coronavirus pandemic on the legal entity’s ability to generate profits will be taken into account.
This is an excellent opportunity for these taxpayers to regularize their debts with the Federal Tax Authority, with PERSE being more advantageous than other types of tax transactions (ordinary, exceptional and extraordinary) currently in existence.
