President Jair Bolsonaro (Without tip) follow Recommendation from the Ministry of Economy He objected to another delay in submitting an announcement Income tax. The proposal, which was approved by Congress, extended the deadline until July 31.
With that delivery Give Announcement and payment of the first installment of tax It will be kept on May 31.
According to the memo sent by the federal government, the proposal was not accepted “because it causes an imbalance in the flow of resources.” Bill 639 provided for permission to collect the individual share or shares due by July 31, without addition or any kind of fines.
For the government, the decision can lead to negative cash flow – that is, the collection will be less than the refunds. The Ministry of Economy also considers that this would endanger the Federation, States and Municipalities Group, “for their effect on the transfer of resources allocated to the States and Federal District Participation Fund (FPE) and Municipalities Participation Fund (FPM)”.
In April, the IRS Initial deadline changed That was from April 30th to May 31st. The decision aims to alleviate the difficulties imposed by the COVID-19 pandemic.