Law 5.365/2014 was published in the Official Gazette of the Federal District, on July 4th, 2014. It establishes the 3rd Phase of the Program to Recover Tax Credits of the Federal District (the “RECUPERA/DF”).
The 3rd Phase aims to settle (i) the tax debt on ICMS (Value-Added Tax on Sales and Services) and on Simples Candango (the Federal District’ Simplified Tax System), as well as (ii) fines and penalties due to noncompliance with ancillary obligations, whether or not they have been registered for collection.
The main benefits of the Program are (i) the payment in up to 120 installments, (ii) tax offsetting and (iii) up to 99% discount on penalties, depending on the form of payment and the timing of adhesion, which can be made until October 22th, 2014.