The adhesion to the Rural Tax Regularization Program, known as Refis Rural, was once again extended, reports Agência Brasil. The deadline, which ended on October 30, was reopened by the end of December.
Originally, the deadline would end on December 31 (Monday). However, as there will be no bank file on the last day of the year, the deadline for membership and payment of the entry installment will be on December 28, the previous Friday.
This is the fourth extension of term of Refis Rural. Established by Law 13606, January of this year, the program would originally end by the end of February, but was changed successively to the end of April, May, and October.
Adherence to the program must be made at the service unit of the debtor’s tax domicile, without the obligatory scheduling of the service. The Revenue clarifies that taxpayers who have already joined the program do not need to redo the procedure. Next week, the Treasury will publish Normative Instruction that will define the rules for the interested parties to make the new adhesion.
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The taxpayer who has already joined or who join the program, in addition to the reduction of 100% of the interest, already foreseen, will be reduced by 100% on late and ex officio fines. In the case of a legal entity, you may use tax loss carryforwards from the Corporate Income Tax (IRPJ) or negative social contribution tax bases (CSLL) to pay off part of the debt. These rebates, however, do not apply to the 2.5% of debt corresponding to the entry, the Revenue said.
Tax Regularization Program
The Tax Regularization Program allows the debts of rural producers with the National Treasury, maturing up to August 30, 2017, to be renegotiated under special conditions, through the payment, without reduction, of 2.5% of the consolidated debt in two installments , due in April and May 2018, and the remainder of the debt with a 100% reduction of late payment interest and late payment penalties.
If the opt-in is a rural producer, individual or legal entity, the remainder of the debt will be divided into 176 months (14 years and eight months), and the portion will correspond to 0.8% of the monthly average gross revenue from production of the year immediately prior to the expiration of the plot. The minimum installment corresponds to R $ 100.
If the borrower is a purchaser of rural production of individual or cooperative, the remainder of the debt will be paid in 176 months, and the amount of the installment will correspond to 0.3% of the monthly average of the gross revenue coming from the commercialization of the year immediately prior to the maturity of the plot. The minimum installment corresponds to R $ 1 thousand.
This text was translated by machine from Brazilian Portuguese.