On January 30, 2012, State Decree No. 43,443 was issued. This Decree regulates Law No. 6,136/2011 (mentioned in our Legal Update of January 4, 2012), which provides for the exclusion of part of the fines and interest on tax liabilities and authorizes the use of special judicial order credits to offset tax liabilities. With the regulations of this law, taxpayers with debts to the State of Rio de Janeiro will be able to join the program whether the settlement of their debts is by one-time payment, installment, or tax-offset claims by special judicial order.
Based on the Decree, taxpayers with tax debts before the State of Rio de Janeiro will be able to benefit from the payment program whether such debts are settled by one-time payment, installments, or offset of credits relating to special judicial order.
For more information about State Decree No. 43,443, or to request the application for such benefits with the State of Rio de Janeiro authorities, please contact , , or .
Observations in this update about Brazilian law are by Tauil & Chequer Advogados. They are not intended to provide legal advice to any entity; any entity considering the possibility of a transaction must seek advice tailored to its particular circumstances.
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Nossos advogados permanecem à disposição para esclarecer quaisquer questionamentos relacionados ao assunto, bem como requerer o pedido de fruição de tais benefícios perante o Estado do Rio de Janeiro.
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