Originally published in the May 6 edition of World Tax Daily (Copyrights Tax Analysts)
Brazil’s Federal Revenue Department (FRD) and Federal Revenue Attorney General’s Office (Procuradoria Gerald a Fazenda Nacional, or PGFN) have issued a joint regulation that establishes procedures for consolidating tax debt under the 2009 tax payment schedule created by Law No. 11,941/09.
On June 1, the FRD and PGFN websites will make available to taxpayers (individual and corporate) all pending tax debts that are eligible for the special tax payment schedule. Joint Ordinance No. 3/2010, which was published in Brazil’s official gazette on May 3, states that taxpayers who elect for the special tax payment schedule between June 1 and June 30, 2010, must indicate which of their tax debts should be included in the payment schedule. The selection must be made exclusively through the FRD or PGFN website.
The ordinance also clarifies that taxpayers who miss the June 30 deadline for indicating which of their tax debts to include in the payment schedule will be considered as waiving their right to participate in the payment plan.
David Roberto R. Soares da Silva