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Brazil Regulates New Program for Reduction of Tax Litigation

|Approved Changes|Brazil
Brazil

On 29 July 2015 published Ordinance 1,037/2015 in the Official Gazette. The ordinance regulates the Program for Reduction of Tax Litigation (PRORELIT), a new special program to resolve tax disputes. The program allows taxpayers to offset disputed tax debts up to 30 June 2015, using tax losses accrued up to 31 December 2013 ({News-2015-07-24/A/2- previous coverage}). Applications for the program must be made by 30 September 2015.

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