The mayor of São Paulo, Ricardo Nunes (MDB), signed on Wednesday, 26, the law that creates the Debt Installment Program (PPI) of debts in the city, which will allow taxpayers to settle debts with the municipality with interest discounts. and fines in up to 120 monthly installments. The program includes arrears of municipal taxes, such as IPTU and ISS, as well as other debts, such as those registered in Active Debt in the city.
According to the rules of the program, the installments will be adjusted by the Selic rate and will have minimum values of 50 reais for individuals and 300 reais for legal entities.
The deadlines for joining the PPI will still be defined by the municipal administration. The creation of the program had been approved by the City Council on May 11th.
The text of the law provides for a reduction of 85% in the amount of late payment interest and 75% of the fine for payments made in a single installment, and a reduction of 60% of late payment interest and 50% of the fine for installment payments. Debts generated up to December 31, 2020 may enter the rule.
No debts of obligations of a contractual nature, violations of environmental legislation and balances of installments in progress managed by the Municipal Finance Secretariat may be included in the program, “except for remaining tax debts of installments in progress, entered into pursuant to article 1 of Law no. 14,256 / 2006 “, informed the city hall.
The law also provides for the amnesty of fines and interest on installments of IPTU 2021 past due by April 30 and which have not been paid. The payment of the installments in the original amount, plus monetary restatement in accordance with the law, may be made until November 30 of this year.
Taxpayers who participated in the city’s last PPI in 2017, but were unable to continue payments, will be able to rejoin this year’s program.
The text also includes a paragraph that authorizes the City Hall to borrow up to 2.5 billion reais for the payment of court orders, in addition to tax benefits for sports clubs, sports and football clubs in the capital, religious temples and carnival associations.