Clipping “COVID-19” – 05.04.2020

  • 04 May, 2020 -

PROVISIONAL MEASURE EXTENDS THE SUSPENSION OF TAX PAYMENTS:   Provisional Measure 960/2020 was published today. It extends the deadlines for suspension of tax payments foreseen in documents granting special drawback regime that were extended for one year by the tax authority and that end in 2020. The deadlines may exceptionally be extended for one more year as from the date of their expiration. Provisional Measure No. 960 of 30 April 2020.

AID IS APPROVED FOR STATES AND MUNICIPALITIES:    The Senate Plenary approved on 2 May 2020 the Federative Program to Combat the new  Coronavirus (Complementary Law Bill 39/2020) which will provide a financial aid of BRL 125 billion to states and municipalities to combat the Pandemic.  The amount includes direct transfers and debt suspension. The matter goes to the House of Representatives. Complementary Law Bill 39/2020.

COVID-19 COMBATING MEASURES: The Senate Plenary approved on 2 May 2020 the Complementary Law Bills 149/2019 and 39/2020 which determine the freezing of salaries of municipal, state and federal public servants and members of the three Powers until December 2021. The fence to the growth of the payroll of the Federal Government and federative entities is one of the measures to confront Covid-19 and estimates savings of approximately BRL 130 billion until the end of 2021. The proposal goes to the House of Representatives.  Complementary Law Bills Nos. 149/2019 and 39/2020.

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