It aims to benefit micro-enterprises and small businesses, both those that have opted for and those that have not. Simples Nacional (LC nº 123/2006), granting them a line of credit of up to 30% (thirty percent) of the annual gross revenue calculated based on the 2019 fiscal year, except in the case of companies that have been operating for less than 1 (one) year, in which case the loan limit will correspond to up to 50% (fifty percent) of their share capital or up to 30% (thirty percent) of the average of their monthly revenue calculated since the beginning of their activities, whichever the company considers more advantageous.

It is important to remember that the Internal Revenue Service will play a significant role in this case, providing information that will enable the granting of the benefit.

For more information on application and tracking procedures, please visit the Federal Revenue Service website.

Consult a legal team to help you make the best choice.

News commented on by Fabricio Norat, Lawyer, graduated in Law in 2014 by FMU/SP. Area of Expertise: Customs Law, Tax Law. Brazilian Bar Association (OAB): 431.023.

Learn more at: Federal Revenue Service