Published at the end of 2017, said agreement provides for the remission of tax credits, constituted or not, arising from exemptions, incentives and fiscal or financial-fiscal benefits established in disagreement with the Federal Constitution, as well as on the corresponding reinstitutions.
It is necessary for the States to publish in their official journals the list of tax benefits not approved by “CONFAZ” present in their own legislation.
For the acts in force on August 8th 2017 the deadline for publication is March 29th 2018 and for acts not in force on this date the deadline for publication is September 30th 2018.
After this period, the States shall register and deposit in the Secretary of “CONFAZ”, all documentation supporting the acts that granted the tax benefits.
NOTE: “Conselho Nacional de Política Fazendária” (“CONFAZ”) = National Council on State Treasury Policy