We hereby to inform the business community and other interested parties that entered into force the Decree No. 29/2021 of 12 May (hereinafter the Decree), concerning the forgiveness of fines and the reduction of interest arising from the payment of contributions to the Mandatory Social Security System – INSS, within the scope of mitigating the effects of the pandemic.
The concession covers companies and self-employed employees, including companies that for any reason have not registered with the INSS, those that have pending coercive collection processes before Courts, Prosecutors and Private Tax Enforcement Courts and those who entered into payment agreements in installments.
Under the terms of the Decree, the taxpayer who shall make the full payment of contributions shall benefit from the total forgiveness of fines and reduction of interest by 98%, and the taxpayer who shall make the payment of contributions in installments shall benefit from the total forgiveness of fines and reduction of interest by 75%.
In order to benefit from the waiver of fines and interest rebate, the taxpayer must prepare and submit all missing remuneration statements and confirm the contribution debt at any INSS delegation or representation, and submit an application during the term of the Decree (12 months), to the General-Director requesting payment of the debt.
With this forgiveness, employers and self-employed employees that had an irregular situation with the INSS, due to debts, will be able to benefit from this prerogative to regularize their situation.