Brazil Extends Deadline For Tax Amnesty
by Glen Shapiro, Tax-News.com, Washington
07 September 2017
Brazil has extended the deadline of its amnesty for paying tax arrears from August 31 to September 29, 2017.
Under the scheme, individuals agreeing to pay tax debts within the terms of the scheme benefit from reduced penalties and interest charges.
The first two instalments of tax (for August 2017 and September 2017) must be paid by September 29, under the revised schedule. The amnesty – Special Tax Regularization Program (Pert) – covers tax due up to April 30, 2017.
Under the initiative, late-payment interest charges will be reduced by between 50 percent and 90 percent and fines will be cut by between 25 percent and 50 percent, depending on how quickly taxpayers intend to settle the outstanding tax debt.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Should I Incorporate My Business In Texas? »
- International Tax Planning »
- unsurprising teething problems »
- Cyprus Laws and Regulations »
- A warren of rabbit holes »
- GDPR, a possible laughing matter? »
- Why is Hong Kong One Of The Best Place To Base Your International Corporation? »
- Banking in UAE »
- VAT in the Construction Industry »
- Why choose New Zealand as an offshore financial centre? »