Special agreements renegotiated R$ 81.9 billion of outstanding debt during the pandemic.

Created to assist taxpayers facing difficulties due to the Covid-19 pandemic, the special installment plans renegotiated R$ 81.9 billion in debt registered as outstanding federal tax debt. From April to December of last year, 268,200 exceptional transaction agreements – as this type of renegotiation is called – were finalized.

The balance sheet was released today (19) by the Attorney General's Office of the National Treasury (PGFN). Of the R$ 81.9 billion renegotiated, R$ 1.7 billion was paid in 2020, as down payment for joining the special installment plan and as the first installment.

Individual negotiations with taxpayers owing more than R$ 15 million, a category that includes bankrupt companies, companies in judicial reorganization, or public entities, were also highlighted. According to the PGFN (Attorney General's Office for the National Treasury), more than 20 large-scale individual negotiations were closed, allowing for the regularization of liabilities exceeding R$ 2 billion.

In December alone, 96% of the deals approved by the PGFN (Brazilian Federal Attorney General's Office) were exceptional transactions, which allowed discounts of 30% to 100% on interest, charges, and fines. Only 4% of the agreements reached last month were standard installment plans, with terms of up to five years and no discounts.

In total, four special renegotiation modalities were created after the start of the COVID-19 pandemic: small-value tax debt, exceptional, extraordinary, and exceptional for rural and extraordinary debts. The first special installment plan was created in April. The most recent, in September. The PGFN (Attorney General's Office for the National Treasury) provided a table for taxpayers to consult the differences between each agreement modality.

The enrollment period, which could be done online, ended on December 29th. The exceptional transaction only covered debts that are difficult to recover, originating from debtors who are bankrupt, in judicial reorganization, or whose debts have been registered as delinquent for more than 15 years without guarantees that can be executed or suspension of enforceability. Only taxpayers with classifications "C" and "D" were eligible for the special renegotiation.

Source: IstoéDinheiro