Sessions in the Federal Senate to analyze Bill 4728/20 are scheduled for August 3rd and 5th.
The initial bill, which currently has over 40 amendments, provides for the reopening of the PERT (Tax on Taxpayers’ Rights), with reductions in fines and interest on arrears that can reach 100% and 90%, respectively, depending on the method chosen by the taxpayer to settle their debts. The bill also grants a longer term for payment of tax debts, potentially up to 175 installments.
The justification for reopening the program is the economic crisis generated by the coronavirus pandemic. However, if the bill is approved, there will be a significant reduction in demand for the tax transaction institute (Law 13.988/20), since the benefits of PERT are much more attractive than all existing transactions. This fact has created a major impasse in the National Congress, and we must closely monitor how this situation unfolds.
