Plenary rejects amendment and concludes MP analysis on tax debts
The Plenary of the Chamber of Deputies rejected the amendment by Deputy Félix Mendonça Júnior (PDT-BA) to Provisional Measure 685/15 that intended to allow companies to deduct tax losses and other legal deductions up to 100% of the income tax and tax calculation base. Social Contribution on Net Income (CSLL).
With the vote on the amendment, the Plenary concluded the analysis of the MP. The matter will be sent to the Senate.
The MP allows the taxpayer to settle tax debts, due until June 30, 2015, with the Federal Revenue Service or the Attorney General of the National Treasury (PGFN), if they are under administrative or judicial discussion.
To join the Tax Litigation Reduction Program (Prorelit), instituted by the measure, the taxpayer must pay part in cash and the other part can be deducted with credits generated by the use of tax losses and the negative calculation base of Social Contribution on Net Income (CSLL).
The text approved by the Chamber is the opinion of the MP's rapporteur, Senator Tasso Jereissati (PSDB-CE).
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