Put Mariana Martins and Marcelo Blecher – 05/05/2020
MP 960/2020 was published in the Official Gazette of the Union (“DOU”) last Monday, 04/05/2020, through which the Federal Government determined the extension of the deadlines for suspending payment of taxes provided for in the special regime of drawback intended for exporting companies. The regime of drawback In short, it enables the acquisition in the domestic market or the import of inputs with suspension of taxes such as II, IPI, PIS/COFINS-Import and PIS/COFINS, for the industrialization of products later destined for export.
According to the MP, suspensions that have been extended for 1 (one) year by the Tax Authority and that would expire in 2020 may be extended, on a special basis, for another year, counting from the date of the respective term.
In practice, the MP applies to taxpayers who hold the regime of drawback in the suspension mode that have already entered the second year of operation and whose taxes resulting from the import or acquisition of inputs in the domestic market would originally be due in 2020.
Our tax team is available to answer any questions you may have regarding this topic.