The tax credit recovery program called “Litigation Zero” has been extended until May 31 of this year, at the request of accountant associations, due to a series of issues involving these professionals and companies, which made it difficult to adhere within the initial deadline of March 31.
With “Litigation Zero,” the aim is to reduce the number of lawsuits involving tax matters and facilitate the regularization of debts for both companies and individuals. Additionally, the program can help increase government revenue, as it intends to boost its financial reserves in light of the new fiscal framework recently presented by the Ministry of Finance.
It’s worth noting that, according to the rules provided, the discounts vary depending on the total debt amount. For companies with debts of up to 60 minimum wages, discounts can reach up to 50% of the total debt amount, with the option to pay in installments over a period of up to 12 months.
As for debts exceeding 60 minimum wages, discounts of up to 100% on interest and fines will be available in the case of unrecoverable or difficult-to-recover debts. There is also the possibility of using fiscal losses from previous fiscal years to offset up to 70% of the debt amount.