• SEFAZ/PGE Ruling No. 176/2014: Tax Amnesty Program for the State of Rio de Janeiro
  • August 1, 2014 | Authors: Carolina M. Bottino; Ivan Tauil
  • Law Firm: Tauil & Chequer Advogados in association with Mayer Brown LLP - Rio de Janeiro Office
  • On 07/24/2014, SEFAZ/PGE Ruling No. 176/2014 was published in the Official Gazette. It regulates the Tax Amnesty Program for the State of Rio de Janeiro, which was authorized by CONFAZ ICMS Convention No. 128/2013, allowing the waiver or reduction of penalties and interest related to the Tax on Distribution of Goods and Services¬†- ICMS¬†- debts.

    The tax amnesty program applies to all debts where tax events had occurred up to December 31, 2013, regardless of whether or not having been assessed or enrolled among collectible debts, including those which are subject to ongoing lawsuits or installment payment programs.

    The ruling confirmed the convention provisions that allowed the payment of fines and interest arising from default on tax liabilities, which may be effected with a reduction ranging from 40% to 75%.

    Furthermore, it was established that the final term for application purposes will be 09/30/2014. The procedures to apply in this program are also set out in the Ruling.

    We remain at your entire disposal to provide any clarification that might be required.