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Legal Update

Brazil Normative Ruling RFB No. 1,573/2015: Changes in the Penalties Applicable in Case of Denied Reimbursement or Set-off

14 July 2015
Tauil & Chequer Legal Update

Normative Ruling RFB No. 1,573/2015, adapts the wording of Normative Instruction No. 1,300/2012 to reflect the changes made by Law 13,097/2015 to Law No. 9,430/1996. Normative Ruling RFP 1,573/2015, which was published on July 9, 2015, makes the following changes:

  • The calculation basis of the 50% penalty applicable in case of a set-off denied by Tax Authorities is now calculated with reference to the amount of the relevant debt, instead of the amount of the related credit, in compliance with the changes made by Law 13,097/2015 in Section 74, paragraph 17, of Law 9,430/1996; and
  • Repeal of the 50% penalty calculated on the amount of the credit that was the subject matter of the denied reimbursement. This change was also in compliance with the changes made by Law 13,097/2015, which revoked Section 74, paragraph 15 of Law 9,430/1996.


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