On August 12, 2022, the Brazilian Federal Revenue Service published Ordinance No. 208 – which regulates the transaction of tax credits within the scope of the Federal Revenue Service.

The new institute provides for some important changes, among them:

The transaction proposed by taxpayers will be accepted in cases where the debts subject to administrative tax litigation exceed R$ 10,000,000.00 (ten million reais);

Taxpayers who have debts arising from administrative tax litigation in amounts exceeding R$ 1,000,000.00 (one million reais) and less than those indicated above, may propose a simplified individual transaction;

The transaction can be submitted by both taxpayers and the Brazilian Federal Revenue Service itself;

Transactions that result in a reduction of more than 65% in the total value of the credits to be transacted, grant a repayment term for the credits exceeding 120 (one hundred and twenty) months, or involve a habitual debtor, as defined in specific legislation, among other important situations, will not be permitted.;

Participation in any eventual transaction may be partial, without the need to cover all debts.

The Ordinance was published to regulate the procedures, requirements, and conditions necessary for carrying out the transaction of tax credits under the administration of the Special Secretariat of the Federal Revenue of Brazil.

It is important to pay attention to the changes in the new Ordinance, making the support of a specialized legal team essential to ensure the necessary assistance in maintaining your rights.

Source: www.gov.br

News commentary by Gian Lucca Jorri, Lawyer, graduated in Law in 2016 from the Catholic University of Santos / SP., Specialist in Customs and Tax Law.
OAB/SP No. 404.759