The National Council of Finance Policy (CONFAZ) published, on October 11, seven agreements to authorize states and the Federal District to offer special ICMS installments. These agreements benefit the states of Sao Paulo, Rio Grande do Sul, Sergipe, Acre, Rondonia, Mato Grosso, Mato Grosso do Sul, and also the Federal District.
The agreements cover ICMS debts generated until May 31, do not include tax substitution cases and provide for maximum taxpayer adhesion until December 15. The publication was expected and is intended to settle ICMS debts. The permits establish cash payments with discounts and terms ranging from 60 to 120 months, with exemption or reduction of interest, fines and legal additions. Now governments must issue decrees with rules and deadlines for taxpayers.
According to expert Bruno Zaroni, founding partner of Zaroni Advogados, “with the approval and edition of the agreements by CONFAZ – which provides taxpayers with legal certainty, given the risks inherent in the fiscal war between states – for ICMS installment payment, taxpayers in default will certainly seek to settle their debts, especially in this time of acute financial crisis, which further underlines the relevance of this very fundamental fiscal adjustment program”.