Micro and small companies affected by the worsening of the covid-19 pandemic can split their debts with Simples Nacional until the end of June, with a discount on the fine and interest. The renegotiation is valid for debts due from March to December 2020 and not paid until today due to the crisis caused by the disease.
The conditions for the renegotiation were defined by Ordinance 1,696, of the Attorney General’s Office of the National Treasury (PGFN), which recreated the exceptional transactions that were in force last year.
The special installment program prevents companies from being excluded from Simples Nacional. The deadline for negotiating the debts registered in the Union’s active debt started on March 1 and will end at 7 pm on June 30. Membership can be made through the Regularize portal. The taxpayer simply chooses the option to Negotiate Debt and click on Access to the Negotiation System.
The process has three steps. In the first, the taxpayer fills in the Declaration of Revenue or Income, so that the PGFN verifies the taxpayer’s ability to pay. Then the site release the proposed settlement. Finally, if the taxpayer is able, he can sign up.
After joining, the taxpayer must pay the first installment collection document for the special renegotiation to take effect. If the first installment is not paid by the due date, the agreement is canceled.
Micro and small companies, as well as individual microentrepreneurs (MEI), will be able to negotiate debts from Simples Nacional that have passed to the active debt of the Union. This incorporation, however, should occur until May 31 of this year.
After the installment request, PGFN will analyze the debtor’s economic capacity. Conditions are softer than the special installment arrangements created last year, which only covered the renegotiation of debts classified as C or D, with a difficult chance of recovery. PGFN will now assess only the economic and financial impacts of the pandemic.
For legal entities, the reduction, in any percentage of the sum of gross monthly revenue of 2020 (beginning in March and ending in the month immediately preceding the adhesion) in relation to the sum of gross monthly revenue for the same period of 2019, will be taken account for accession.
Based on the result of the analysis, PGFN will propose trading on the Regularize Portal. In exchange for an entry of 4% of the total amount of the debt, which can be paid in up to 12 months, the remaining balance can be divided into up to 133 months for taxpayers enrolled in Simples Nacional. The number of installments is greater than that of medium and large companies, which may divide the debt up to 72 times.
In relation to micro and small companies and MEIs, the discount will correspond to up to 100% on the amounts of fines, interest and charges, respecting the limit of up to 70% of the total debt amount. Due to restrictions imposed by the Constitution, the renegotiation of debts with Social Security is limited to 60 installments (five years).
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