On May 3, 2022, Public Notice No. 09/2022 was published in the
Federal Official Gazette to authorize the transaction involving tax
debts related to the goodwill tax amortization arising from the
acquisition of equity interests in the legal regime framework prior
to Law No. 12,973/2014 and being challenged in lawsuits or
This applies to tax debts regardless of whether they are enrolled as federal overdue tax liability and that are the object of administrative or judicial proceedings and whose dispute is related to:
i. The tax use of goodwill amortization expenses:
- arising from the acquisition of equity interests;
- limited to merger, consolidation and spin-offs that occurred no later than December 31, 2017; and
- whose equity interest was acquired no later than December 31, 2014 (the period during which Articles 7 and 8 of Law No. 9,532/1997 were applicable, in accordance with the provisions of Article 65 of Law No. 12,973/2014); or
ii. The addition of goodwill amortization expenses in the accrual of the CSLL calculation basis.
The public notice states that the taxpayer must pay:
- Up-front 5% of the total amount of the debt, with no discount allowed, and
- The remaining balance in up to 5 installments and within up to 55 months, with a discount allowed depending on when the debt is paid off
The application to participate in this payment program must be submitted on or before July 29, 2022, and participation implies the withdrawal of administrative defenses and appeals filed by the taxpayer in relation to these debts, as well as the waiver of legal claims. Any existing deposits related to these debts will be automatically converted into federal government income.
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Founded in 2001, Tauil & Chequer Advogados is a full service law firm with approximately 90 lawyers and offices in Rio de Janeiro, São Paulo and Vitória. T&C represents local and international businesses on their domestic and cross-border activities and offers clients the full range of legal services including: corporate and M&A; debt and equity capital markets; banking and finance; employment and benefits; environmental; intellectual property; litigation and dispute resolution; restructuring, bankruptcy and insolvency; tax; and real estate. The firm has a particularly strong and longstanding presence in the energy, oil and gas and infrastructure industries as well as with pension and investment funds. In December 2009, T&C entered into an agreement to operate in association with Mayer Brown LLP and become "Tauil & Chequer Advogados in association with Mayer Brown LLP."
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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.