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Some 738 Thousand Small-scale Businesses to Settle tax Debts

Some 738 Thousand Small-scale Businesses to Settle tax Debts

RIO DE JANEIRO, BRAZIL – Around 738,000 micro and small-scale defaulting companies with the ‘Simples Nacional’ – special tax system for small businesses – began to be notified in order to rectify their situation.

After the notification is given, taxpayers have up to 30 days to contest the notification or settle the debts, under penalty of being excluded from the ‘Simples’ on January 1st, 2020.