Government sanctions forgiveness of up to 99% of Fies debts

Provisional measure sanctioned creates tax regularization program for Santas Casas

President Jair Bolsonaro (PL) sanctioned this Wednesday (22) the provisional measure that provides for a discount of up to 99% in the renegotiation of debts from Fies (Student Financing Fund).

The text establishes that students enrolled in CadÚnico (Single Registry for Social Programs of the Federal Government) or benefited by emergency aid will be able to receive the maximum forgiveness of the amount due.

The measure was edited by the federal government in December 2021 and approved by the House and Senate in May this year. With the sanction, the measure becomes a definitive law.

The measure covers credits contracted with Fies until the second half of 2017.

The text also creates a special tax regularization program for Santas Casas, hospitals and charities working in the health area, which was not initially planned and was included by parliament.

They will be able to regularize their situations with the Federal Revenue or the PGFN (Attorney General of the National Treasury).

The program covers debts of a tax and non-tax nature due until April 30 of this year, including those that were the subject of previous rescinded or active installments. To join, you will need to make an application within 60 days of publication of the law. The debt can be paid in up to 120 successive monthly installments.

Upon joining, entities are obliged to pay the installments of debts consolidated in the installment plan and debts due after April 30, 2022, whether or not registered as active debt of the Union.

Bolsonaro vetoed only a part of the rule approved by Congress, which provided for discounts granted to Santas Casas in the Special Tax Regularization Program to be computed in the calculation base of some taxes, such as PIS/Pasep (Programs for Social Integration and Heritage Formation). of the Public Servant).

The text provides for the exclusion in case of non-payment of three consecutive or six alternating installments or the declaration of bankruptcy or extinction, by liquidation, of the opting entity, among other hypotheses.

For students with overdue debts not paid before December 2018, there is a forecast of a 77% discount on the value – provided that the person is not registered with CadÚnico, nor has he received emergency aid.

In the event of renegotiation, the outstanding balance must be paid in up to 15 monthly installments, adjusted by the Selic (basic interest rate). If the student fails to comply with the agreement and does not pay three successive or five alternating installments, the debt will be reinstated, with the additions.

The text also allows the Federal Revenue to propose a transaction in the collection of tax credits in administrative litigation, individually or by adhesion.

According to the government, the provisional measure was created “in order to reduce the default rates of the program and combat the devastating effects of the Covid-19 pandemic”.

Source: Leaf