Law of the State of Espírito Santo n ° 11 331/2021: creation of REFIS for the debts of the ICMS – Finance and banking

0


Brazil: Law of the State of Espírito Santo n ° 11 331/2021: REFIS created for the debts of the ICMS

To print this article, simply register or connect to Mondaq.com.

The Law of the State of Espírito Santo No. 11 331/2021 created the State Tax Recovery Program (“REFIS 2021”), which allows taxpayers to settle ICMS debts, penalties and interest for taxable events occurring up to 12/31/2020, whether or not they are assessed and whether or not they are recorded as overdue tax liability of the State, and includes debts subject to legal or officially recorded discussions as an unpaid obligation.

Taxpayers have until 12/30/2021 to join the program. The payment terms depend on (i) the date of the request, (ii) the number of down payments and (iii) the composition of the debt (principal and penalty or fair penalty), as summarized below:

1132124a.jpg

The minimum value of each installment is BRL 729.18 for debts over BRL 7,291.80 and BRL 182.30 for debts under BRL 7,291.80.

Participation in REFIS 2021 implies the recognition by the taxpayer of the debts included therein and the withdrawal of the related legal actions and administrative defenses, as well as the condition of the payment of legal costs and / or attorney’s fees in the cases. where legal action has already been filed for judicial recovery or the overdue state liability certificate has been formally contested.

Visit us at Tauil & Checker

Founded in 2001, Tauil & Checker Advogados is a full-service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international companies in their national and cross-border activities and offers its clients a full range of legal services, including: corporate and mergers and acquisitions; debt and equity markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The company has a particularly strong and long-standing presence in the energy, oil and gas and infrastructure sectors as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become “Tauil & Checker Advogados in association with Mayer Brown LLP”.

© Copyright 2020. Tauil & Checker Advogados, a Brazilian law partnership with which Mayer Brown is associated. All rights reserved.

This article provides information and commentary on legal issues and developments of interest. The foregoing does not constitute a complete treatment of the matter at hand and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action on the matters discussed in this document.

POPULAR POSTS ON: Brazil’s Finance and Banking

Comparative guide to banking regulations

Baker McKenzie Argentina

Comparative guide to banking regulations for the jurisdiction of Argentina, see our comparative guides section to compare several countries

Interest and Islamic banking

Legal Services in the Middle East

In this article we will attempt to outline the definition of interest, which is called (Riba) under Sharia or Islamic law, followed by a brief overview of the laws of some Arab countries that have banned or authorized the collection of interest.


Share.

Comments are closed.