Normative Ruling RFB No. 1,573/2015, adapts the wording of Normative Instruction No. 1,300/2012 to reflect the changes made by Law 13,097/2015 to Law No. 9,430/1996. Normative Ruling RFP 1,573/2015, which was published on July 9, 2015, makes the following changes:

  • The calculation basis of the 50% penalty applicable in case of a set-off denied by Tax Authorities is now calculated with reference to the amount of the relevant debt, instead of the amount of the related credit, in compliance with the changes made by Law 13,097/2015 in Section 74, paragraph 17, of Law 9,430/1996; and
  • Repeal of the 50% penalty calculated on the amount of the credit that was the subject matter of the denied reimbursement. This change was also in compliance with the changes made by Law 13,097/2015, which revoked Section 74, paragraph 15 of Law 9,430/1996.

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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.