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.
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