The Senate approved on Thursday (August 27th) the extension of the deadlines for exemption or suspension of tax payments under the drawback regime.

De acordo com a nova regra estabelecida na Medida Provisória (MP) 960/2020, os prazos já tinham sido prorrogados pela Receita Federal e estavam previstos para terminar em 2020 ficam estendidos por mais um ano.

O drawback This allows for the suspension or exemption of taxes on imports or purchases in the domestic market, provided that the inputs are used in the industrialization of goods destined for export. Under this regime, payments of Import Tax (II), IPI, PIS, and Cofins are suspended.

According to the text that follows for the presidency, it allows that Companies that acquired goods through drawback but did not export them can allocate the goods for consumption without paying a fine, provided that the 30-day period from the scheduled export date is respected. The rule was not included in the Executive's text and was added in the Chamber of Deputies.

The unanimous approval in the Senate came one day after the Chamber of Deputies reviewed the text proposed by the Executive branch.

The Legislature proposed the inclusion of the paragraph. Paragraph 4 of Article 12 of Law 11.945/09 allows goods admitted under the drawback regime that, in whole or in part, are not exported to be destined for consumption within 30 days from the deadline set for export, provided that the respective taxes and late payment interest are paid.

Attention exporters, be aware of the new changes!

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Source: JOTA