Revenue sends bill to Congress to combat persistent debtors


strategic default

The IRS sent a bill to Congress to try to combat persistent debtors. According to the agency’s estimate, a thousand companies fall into this category, which corresponds to 0.005% of the total (20 million).

Revenue proposed criteria to identify companies that strategically fail to pay taxes

The Tax Authority’s idea, among other points, is to create a national registry for persistent debtors, based on objective criteria. The information is from Folha de S.Paulo.

To be classified as a persistent debtor, the company will need to have a debt of more than R$15 million. But such value must meet at least one of three criteria: be greater than the assets; exist for more than one year; and be related to a company written off (which ceased its activities) or unfit (with an irregular tax situation) in the last five years.

In a press conference this Friday (2/2), the Secretary of Revenue, Robinson Barreirinhas, said that the objective of the PL is to target companies that fail to pay taxes in a strategic way, and not those that act in good faith.

The proposal was sent by the government with constitutional urgency. This imposes a deadline of up to 90 days for the Chamber and Senate to evaluate it.

There are two other main axes in the PL. One of them is the encouragement of good practices, which should be done through the Confia (in the testing phase) and Sintonia (not yet implemented) programs.

The government intends to offer concrete benefits to good payers. One of the incentives is the possibility of self-regularization, for the taxpayer to recognize that they have not paid any tax and collect it without suffering punishment.

In Sintonia, the IRS also provides for a “compliance bonus”, with a progressive reduction in CSLL payments, limited to 3%.

Another axis is the control of tax benefits. The body says that more than 200 tax benefits have very low governance. Therefore, it proposes to Congress the creation of a simplified electronic form, to be sent by companies, without sending documents.

The article is in Portuguese

Tags: Revenue sends bill Congress combat persistent debtors



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