Brazil has published Law No. 14.375 of 21 June 2022, which amends past laws in relation to the settlement of tax debts. This includes:
- An increase in the maximum discount on the amounts of fines, interest, and other charges from up to 50% of the total debt to up to 65%;
- An increase in the allowed number of monthly installments from 84 to 120;
- Rules allowing for the use of credits from corporate income tax (IRPJ) losses and/or a negative social contribution on profits (CSLL) calculation base…