The Senate approved on Tuesday (16) the draft law on conversion to provisional measure, which deals with the renegotiation of rural debts (MP 842/2018), reports the “Senate Agency.” The proposal, which follows for the presidential sanction, may result in a tax waiver of R $ 17 billion.
The original text of the provisional measure provided for discounts for the settlement of debts contracted until December 27, 2018 under the National Program for Strengthening Family Agriculture (Pronaf). The rebate could be 35% or 70%, according to the date of signature of the contract.
The text approved in September by the deputies – and now by the senators – decreases the percentage of discounts. In operations contracted up to December 31, 2006, they stand at 60%. For those signed between January 1, 2007 and December 31, 2011, the discount is 30%. The deadline for discharge of debts is December 30, 2019.
The rapporteur of the matter is Senator Fernando Bezerra Coelho (MDB-PE). It has widened the universe of rural producers inscribed in the Union’s active debt that can be benefited with discounts. The original text contemplated only the debts sent for registration until July 31, 2018. Bezerra included in the MP 842/2018 borrowers with debts sent through October 31. In this case, discounts range from 95% (for amounts up to R $ 15 thousand) to 60% (for amounts above R $ 1 million).
The Senate also approved a new deadline for the settlement or repricing of debts with Northeast (BNB) and Amazonia (Basa) banks in operations with funds from the constitutional funds of the Northeast (FNE) and the North (FNO). Instead of December 27, 2018, the deadline is now December 30, 2019. The same deadline applies to the renegotiation of debts with the National Economic and Social Development Bank (BNDES) in rural credit and capital, such as tractors and harvesters.
Under Pronaf, MP 842/2018 grants a discount of up to R $ 12 thousand per operation to rural credit cooperatives. The benefit applies to cases where the entity paid the debt with the bank, but did not receive the value of the borrowers. The benefit is valid only for operations contracted up to June 30, 2008.
This text was translated by machine from Brazilian Portuguese.