In early August, the Federal Senate approved Bill 4728/20, which reopens the deadline for PERT membership. The bill will now proceed to a vote in the Chamber of Deputies. The bill, approved by the Senate, provides significant discounts for the payment of debts, both tax and non-tax, in addition to the possibility of using tax losses and negative CSLL bases to pay off part of the debt, which can be paid in up to 144 installments.
According to the text, the greater the drop in the legal entity’s revenue due to the pandemic, the greater the discounts on fines, interest and charges and the lower the down payment percentage, as can be seen in the table below:
It’s important to note that the bill may undergo changes, and its approval is uncertain, as there are at least two other similar bills pending a vote in the Chamber of Deputies for some time. Furthermore, the President of the Republic has previously expressed his opposition to federal debt amnesty programs. Therefore, we can only await the next chapters.
