{"id":95576,"date":"2025-08-28T16:35:52","date_gmt":"2025-08-28T19:35:52","guid":{"rendered":"https:\/\/murray.adv.br\/?p=95576"},"modified":"2025-08-28T16:35:52","modified_gmt":"2025-08-28T19:35:52","slug":"brazil-to-fast-track-tax-refunds-for-companies-hit-by-u-s-tariffs","status":"publish","type":"post","link":"https:\/\/murray.adv.br\/en\/brazil-to-fast-track-tax-refunds-for-companies-hit-by-u-s-tariffs\/","title":{"rendered":"Brazil to fast-track tax refunds for companies hit by U.S. tariffs"},"content":{"rendered":"
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Fiscal relief measures are part of broader aid package for exporters<\/strong><\/em><\/h6>\n<\/div>\n<\/div>\n
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08\/28\/2025 <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Companies affected by the 50% tariff hike imposed by the United States on Brazilian products will be given priority in the processing of tax credit refunds and reimbursements. These credits are used to offset federal taxes and contributions owed by companies. In addition, these businesses will benefit from extended deadlines to pay federal taxes and installments related to federal debt settlements.<\/p>\n<\/div>\n

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The tax relief measures were outlined in an ordinance issued by Finance Minister Fernando Haddad and form part of the \u201cBrazil Sovereign\u201d plan, a government program launched last week with credit lines and other measures to support exporters impacted by the U.S. sanctions introduced by President Donald Trump.<\/p>\n<\/div>\n

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The regulation states that priority will be granted to requests already submitted through the electronic system known as Per\/Dcomp (Electronic Request Program for Refund, Reimbursement or Compensation and Declaration of Compensation), as well as to new claims submitted within six months of the regulation\u2019s publication, which occurred last Friday (22). This deadline may be extended for another six months by the Federal Revenue, Brazil\u2019s tax agency, and the measure applies only to taxes under its jurisdiction.<\/p>\n<\/div>\n

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Eligible companies include private-sector exporters of goods that generated at least 5% of their total revenue between July 2024 and June 2025 from products subject to the additional U.S. tariffs. Sole proprietors (MEIs) and rural producers with a corporate taxpayer registration (CNPJ) may also qualify.<\/p>\n<\/div>\n

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The Ministry of Development, Industry, Trade and Services (MDIC) will soon publish a table listing the affected products by Mercosur Common Nomenclature (NCM), which companies will need to consult to verify whether they meet the 5% revenue threshold.<\/p>\n<\/div>\n

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The same regulation also extends deadlines for the payment of federal taxes and for installments related to debt settlements made with the Attorney General of the National Treasury (PGFN) or the Federal Revenue. Taxes originally due in August may now be paid by the last business day of October, and those due in September by the last business day of November. These extensions apply exclusively to companies impacted by the tariff increase.<\/p>\n<\/div>\n

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The Finance Ministry said the deferral will have no fiscal impact in 2025, since the payments will still be made within the same fiscal year. It is designed as temporary relief during the first two months the tariffs are in effect. The ministry also said the tax credit refund prioritization will not affect fiscal balance. \u201cThere was no change in the rules for approving refunds,\u201d it said in a note to Valor.<\/p>\n<\/div>\n

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Tiago Sbardelotto, an economist at XP Investimentos, confirmed the measure should not impact public accounts, since it only changes the order in which refunds are processed. \u201cThe main effect is likely to be timing, more concentrated use of credits early on, and less later in the year,\u201d he said.<\/p>\n<\/div>\n

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He noted that the prioritization works in tandem with an increase in the refund percentage under Reintegra, a federal program that reimburses exporters for taxes paid in order to boost competitiveness abroad.<\/p>\n<\/div>\n

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\u201cIn other words, the government is making a larger volume of tax credits available [by raising Reintegra rates] and at the same time speeding up access to those credits. While not limited to this specific type of credit, these will likely be the most relevant right now,\u201d he explained.<\/p>\n<\/div>\n

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Cutting in line<\/strong><\/p>\n<\/div>\n

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Tax attorneys interviewed by Valor raised concerns about how this \u201ccutting in line” will work and whether companies that are not eligible could be harmed. They argued that this should not happen. The Finance Ministry rejected the idea that other companies would be disadvantaged.<\/p>\n<\/div>\n

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\u201cThe prioritization is legitimate to give businesses some relief, but it\u2019s a regulatory measure that essentially ignores the chronological order of requests,\u201d said Priscila Faricelli, a partner at law firm Demarest. She acknowledged that the government is facing a large backlog of credit refund requests, but warned that skipping the line could lead companies not covered by the measure to take legal action if they feel harmed by the break in chronological order.<\/p>\n<\/div>\n

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Ms. Faricelli pointed out that Brazil\u2019s Supreme Federal Court (STF) recently ruled that the chronological order must prevail in cases involving the reimbursement of credits from the government to private-sector parties. That ruling involved court-recognized credits, which must be paid through court-ordered payments known as\u00a0precat\u00f3rios<\/em>, rather than through administrative requests. \u201cThe courts have consistently upheld the chronological order for\u00a0precat\u00f3rios<\/em>,\u201d she said.<\/p>\n<\/div>\n

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The Finance Ministry said that companies not affected by the U.S. tariffs will not be harmed by the prioritization. \u201cGranting a refund to one company does not mean denying it to another,\u201d the ministry said in a statement. \u201cWe will continue to review all cases to ensure that all valid refunds are granted.\u201d<\/p>\n

*By\u00a0J\u00e9ssica Sant\u2019Ana\u00a0and\u00a0Beatriz Olivon\u00a0\u2014 Bras\u00edlia<\/p>\n

Source: Valor International<\/p>\n

https:\/\/valorinternational.globo.com\/<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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