Federal installment payment deadline extended
On May 11, 2020, Ordinance No. 201/2020, issued by the Ministry of Economy, was published, which, due to the Covid-19 pandemic, extended the maturity terms of monthly installments of installment programs administered by the Federal Revenue of Brazil and by Attorney General of the National Treasury.
In accordance with the terms of the said Ordinance, the installments due in May, June and July were automatically extended to the months of August, October and December, respectively.
It is important to highlight that the extension of the maturity of these installments: (i) is not valid for debts included in the SIMPLES NACIONAL installment program; (ii) it does not exclude the incidence of interest provided for in the installment regulation law itself; (iii) does not generate the right to restitution or compensation for those taxpayers who have already made their respective payment.
For more information on this and other regulatory acts, please contact our tax team or access the Araújo e Policastro Advogados website and social networks on the internet.