January 4, 2022 | Tax, Tax Alert

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Tax Alert 2 | Current account between taxpayers and the State

was published to Law No. 3/2022, of January 4th, which establishes the regime for the extinction of tax benefits by offsetting against tax credits, at the taxpayer's initiative, which includes withholding taxes, autonomous taxation and respective reimbursements, and which covers the following taxes:

  • Personal income tax;
  • Corporate income tax;
  • Value-added tax;
  • Excise taxes;
  • Property tax;
  • Additional to the city tax on real estate;
  • Municipal tax on onerous property transfers;
  • Stamp duty;
  • Single circulation tax; and
  • Vehicle tax.

The request for extinction of tax benefits is made by the taxpayer, upon request (by electronic data transmission), indicating the credits and debts object of offsetting and may be presented from the moment of payment of the tax until the extinction of the execution process Supervisor.

This law takes effect on July 1, 2022.

[This document is for information purposes only and does not dispense with the analysis of the legislation and assessment of its applicability to each specific situation. Therefore, we are not responsible for any decision made based on this information.]