IRS disciplines DCTF rules for inactive legal entities

IRS disciplines DCTF rules for inactive legal entities

On May 22, 2017, the Federal Revenue Secretary, Jorge Rachid, signed Normative Instruction RFB No. 1,708, which disciplines procedures and deadline for the presentation of the Declaration of Federal Tax Debts and Credits (DCTF) by legal entities and entities that are inactive or have no debts to declare.

For legal entities and other entities that are inactive, the use of the digital certificate for the presentation of the DCTF is waived.

The normative instruction extended to July 21, 2017 the deadline for the presentation of the DCTF for the months from January to April 2017 by legal entities and entities that are inactive or that have no debts to declare.

The deadline for submission of the DCTF by legal entities and entities that have amounts of debts to declare remains unchanged.

The same act also establishes that the ostensible members of the Company in a Participation Account (SCP) registered with the CNPJ as a parent company must rectify, by July 21, 2017, the DCTF for the months of December 2015 to February 2016, for the inclusion of information related to SCP.

Source: Federal Revenue of Brazil.