On 1 October 2015, Brazil published Ordinance 1,399/2015, which relaxes certain conditions for 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}). The Ordinance reduces the 43% cash payment required and extends the payment deadlines as follows:
- Cash payment of at least 30% o…