Ricardo Nunes signs a law for the payment of debt installments in São Paulo

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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.