Law facilitating the regularization of debts with the Federal Revenue is sanctioned

Law No. 14,740/2023, which allows for the encouraged self-regularization of taxes administered by the Federal Revenue, was sanctioned by the acting president, Geraldo Alckmin, and published in the Official Gazette of the Union (DOU) last Thursday, November 30.

The law aims to encourage taxpayers, before the constitution of the tax credit, to pay undeclared taxes without late and official fines, with the possibility of debt installment. The settlement of debts can occur with a 100% reduction in late payment interest, upon payment of at least half of the debt upfront, with the remainder in 48 monthly and successive installments. This is a measure that aims to promote fiscal regularization, reduce the stock of credits under collection, and increase tax revenue.

This self-regularization covers taxes that have not been constituted until the date of the law's publication, November 30, 2023, including those under inspection procedures.

The measure will not apply to companies participating in the Simplified Taxation System (Simples Nacional - Special Unified System for the Collection of Taxes and Contributions Due by Microenterprises and Small Businesses), as well as to debts determined under the Special Unified System for the Collection of Taxes and Contributions Due by Microenterprises and Small Businesses (Simples Nacional), established by Complementary Law No. 123, of December 14, 2006.

Through confession and payment or installment of the full amount of taxes, plus interest (Selic), with the exclusion of the incidence of late and official fines, individuals with debts to the Federal Revenue can join self-regularization up to 90 days after the regulation of the law.

The Tax Consultancy experts at Mazars are ready to assist with the new law and answer all your questions. Fill out the information below to learn more:

* mandatory fields

Your personal data is collected by Mazars in Brazil, the data controller, in accordance with applicable laws and regulations. Fields marked with an asterisk are required. If any required field is left blank, it will not be possible to process your request. Your personal data is collected for the purpose of processing your request.

You have a right to access, correct and erase your data, and a right to object to or limit the processing of your data. You also have a right to data portability and the right to provide guidance on what happens to your data after your death. Finally, you have the right to lodge a complaint with a supervisory authority and a right not to be the subject of a decision based exclusively on automated processing, including profiling, that produces legal effects concerning you or significantly affects you in a similar way.

Contact our Tax team