The São Paulo City Hall has reopened the 2024 Incentive Installment Program (PPI), offering an opportunity for both individual and corporate taxpayers to regularize their debts with the city under special discount conditions. The program, with enrollment open until January 31, 2025, aims to assist in the settlement of debts such as property tax (IPTU), service tax (ISS), and other debts registered as active debt.
Key Benefits of PPI 2024 PPI 2024 offers up to a 95% discount on interest and penalties for those opting for a one-time payment. The program also allows for installment payments of up to 120 months, enabling taxpayers to align their payment schedules with their financial planning.
Eligible Debts and Restrictions The program allows for the inclusion of:
- Tax and non-tax debts with an occurrence date up to December 31, 2023, whether formally established or not, and regardless of legal proceedings.
The following debts cannot be included in PPI 2024:
- ISS debts under the Simples Nacional tax regime;
- Traffic fines;
- Environmental legislation violations;
- Contractual debts;
- Debts already included in previous PPIs that remain unbroken;
- Debts subject to settlement with the City Attorney General’s Office.
Payment Conditions Taxpayers can choose among the following payment options:
- Single Payment:
- 95% reduction in interest and 95% reduction in penalties.
- 75% reduction in attorney’s fees (if the debt is not in court).
- Installments from 2 to 60:
- 65% reduction in interest and 55% reduction in penalties.
- 50% reduction in attorney’s fees (if the debt is not in court).
- Installments from 61 to 120:
- 45% reduction in interest and 35% reduction in penalties.
- 35% reduction in attorney’s fees (if the debt is not in court).
Non-Tax Debts For non-tax debts, the program offers similar conditions:
- Single Payment: 95% reduction in late fees and 75% reduction in attorney’s fees.
- Up to 60 Installments: 65% reduction in late fees and 50% reduction in attorney’s fees.
- 61 to 120 Installments: 45% reduction in late fees and 35% reduction in attorney’s fees.
Interest and Installment Value For installment payments, each installment will be updated by the Selic rate and increased by 1% in the month of payment. The minimum installment amount is R$ 50.00 for individuals and R$ 300.00 for legal entities.
For more information and enrollment, taxpayers should visit the ‘Fique em Dia’ portal of the São Paulo City Hall and ensure their outstanding debts are regularized by the final deadline.