I – FEDERAL REVENUE POSTPONES THE DEADLINES FOR THE COLLECTION OF PIS/COFINS AND SOCIAL SECURITY CONTRIBUTIONS AND EXEMPTS IOF ON CREDIT OPERATIONS – IMMEDIATE BENEFITS FOR COMPANIES
The Brazilian Federal Revenue Service, aiming to alleviate the effects of the crisis for companies, will extend the collection of the:
*PIS/Pasep – Social Integration Program / Programa de Integração Social / Programa de Formação do Patrimônio do Servidor Público;
* COFINS – Contribution for Social Security Financing and
* the Employer’s Contribution to Social Security, paid by the employers.
The payment of these contributions was postponed to the months of August and October.
The Secretary of the Internal Revenue Service also announced the total exemption, for 90 days, of the IOF/credit – Tax on Financial Operations on credit operations. The measure will aim to cheapen the emergency lines of credit already announced by the government. Therefore, this IOF that was previously at 3% will now be at 0.
Finally, through Normative Instruction RFB No. 1,930/2020, it postponed the delivery of the individual’s annual income tax adjustment return until June 30, 2020.
II – THE FEDERAL REVENUE OF BRAZIL HAS EXTENDED THE DEADLINE FOR THE SUBMISSION OF THE INDIVIDUAL INCOME TAX RETURN – DIRPF
On 04/01/2020 (Wednesday) the Normative Instruction of the Brazilian Federal Revenue Service nº 1.930/2020 was published, which foresees the extension of the deadline for the presentation of the Individual Income Tax Return – DIRPF to 06/30/2020, in view of the pandemic caused by the coronavirus (COVID-19).
In addition, the mentioned Normative Instruction states that it will no longer be necessary to inform in the DIRPF the number contained in the delivery receipt of the declaration for calendar year 2018, fiscal year 2019.
We remain at your disposal for any clarifications.
DDSA Tax Team