[Free translation]
In 2016, the Special Regime of Exchange and Tax Regularization (RERCT) was created to carry out the voluntary declaration of resources, assets or rights of legal origin, not declared in previous periods. Said scheme had its period ended on 10/31/16.
In our INFORMATIVES 05 and 12 of 2016, we discuss this topic in detail.
The Federal Government, through Law 13.428 / 17, and its regulation made by Normative Instruction 1704/17, reopened the term of adhesion to the RERCT. Below are the most relevant topics:
a) deadline for adhesion and payment: until July 31, 2017;
b) assets and rights existing prior to June 30, 2016;
c) the tax remains at 15% of total assets and rights;
d) the fine increased to 135% of the tax assessed. Thus, total expenditure went from 30% to 35.25% (15% of imports + 20.25% of fine) of the regularized amount;
e) the taxpayer who joined the RERCT until October 31, 2016 is allowed to supplement the declaration based on this new legislation and rates.
