The State of São Paulo, through Decree n. 61.788 / 2016, extended for February 29, 2016 the deadline for adhesion to the ICMS special installment program (PEP), established by Decree n. 61.625 / 2015, which had closed on December 15, 2015. The PEP allows the inclusion of debts, constituted or not, or not in active debt, including joined, whose generating fact has occurred until 31 December 2014. The program provides for the following discounts:

1 - Payment in 1 portion: reduction of 75% of morator and punitive fines and 60% of interest on punitive tax and fines;

2 - payment in 2 to 24 plots: reduction of 50% of morator and punitive fines and 40% of interest on punitive tax and fines, with monthly financial increase of 1%;

3 - Payment in 25 to 60 installments: Reduction of 50% of the morator and punitive fines and 40% of interest on punitive tax and fines, with monthly financial increase of 1.40%; and

4 - Payment at 61 to 120 plots: Reduction of 50% of morator and punitive fines and 40% of interest on punitive tax and fines, with monthly financial increase of 1.80%.

ICMS PEP adhesion can be carried out by accessing the electronic address www.pepdoicms.sp.gov.br, in which the taxpayer can select the tax debts to be settled. CARPENA Lawyers provides for their customers a specialized team to assist in all procedures necessary for the analysis and inclusion of any tax debts in PEP.