7/31/2020
The federal tax administration took another step towards the negotiation of the called “irrecoverable or hard to recover credits”.
After the conversion of Provisional Measure n. 889/2019 (“MP do Contribuinte Legal”) to Law on April of this year, the Federal Attorney General’s Office (AGU) edited the Decree n. 249/2020, on July 15, which allows the negotiation of these debts with the Public Administration.
Such proposal is valid for individuals and companies and involves credits administered by the Federal Attorney General (PGF) and the Federal Union Attorney General (PGU).
For companies, the minimum down payment in the installment is 5% of the consolidated debt without reductions. The remaining amount can be paid up to 84 months, with progressive reductions according to the number of months. The reductions range from 10% to 50%.
For individuals, the minimum down payment in the installment is 5% of the consolidated debt without reductions and the remaining amount can be paid up to 145 months. In this case, the reductions can reach 70%, according to the number of months.
Coauthors: Phillipe da Cruz Silva
