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.
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