Enrollment in the Refis program has been extended until June 15th.

Tocantins 247 - The state government will extend the deadline for joining the Tax Regularization Program (Refis) until the 15th of this month. Those who join by that date will have until June 30th to pay the single installment or the first installment of the agreement. 

According to what the government informed this Monday, the 1st, to Tocantins 247A decree from the State Finance Secretary, Paulo Afonso Teixeira, extending the deadline, should be published in the State Official Gazette this week. The Finance Department has not yet released the amount negotiated during the initial thirty-day period of the Refis program. 

The Refis program, which was open for enrollment from May 4th to 31st, provides for the refinancing of debts related to the Tax on Operations Related to the Circulation of Goods and on the Provision of Interstate and Intermunicipal Transportation and Communication Services (ICMS); the Tax on Motor Vehicle Ownership (IPVA); the Tax on the Transmission of Property by Inheritance or Donation of Any Goods or Rights (ITCD); Court Fees; contributions to the Economic Development Fund (FDE); and other non-tax credits, including costs, interest, and late payment penalties.

Debts incurred up to December 31, 2014, whether or not registered as delinquent or in litigation, can be included in the Refis program. Installment payments offer a reduction in late payment penalties or fines and interest by: 95% for up to 6 installments; 90% for 7 to 18 installments; 85% for 19 to 60 installments; and 80% for 61 to 120 installments. The reduction in the updated formal penalty amount for tax credits is: 90% for up to 6 installments; 85% for 7 to 18 installments; 80% for 19 to 60 installments; and 75% for 61 to 120 installments. This reduction does not apply to the Vehicle Property Tax (IPVA).