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(Amounts in thousands of Brazilian reais – R$, unless otherwise stated)
Law No. 11941, enacted on May 28, 2009, after the conversion of Provisional Act No. 449/08, created, among other provisions, a new federal tax installment program.
Based on this Law, on November 25, 2009, the Company's Management decided to pay certain tax debts at sight, as follows:
| Proceedings |
Carrying amount |
Payment |
Earnings |
| Company |
Consolidated |
| |
|
|
|
|
| PIS Repique (levied on income tax paid) |
17,939 |
(10,026) |
7,913 |
7,913 |
| IRRF – incentive cards |
4,073 |
(629) |
3,444 |
3,444 |
| COFINS – offset against IPI |
3,731 |
(2,556) |
1,175 |
1,175 |
| 1999 IRPJ, CSLL, PIS and COFINS |
- |
(9,610) |
(9,610) |
(9,610) |
| PIS – cumulativeness (*) |
7,952 |
(6,657) |
- |
1,295 |
| COFINS – tax rate increase (*) |
310 |
(6) |
- |
304 |
| Total |
34,005 |
(29,484) |
2,922 |
4,521 |
(*) Refers to the effects of tax installments in the subsidiary Servinet.
The earnings from discounts in interest and fines, recorded in Company and consolidated, totaling R$5,038 and R$6,609, respectively, are recorded under "Financial income (expenses)." These earnings were partially settled by additional provisions, totaling R$2,116 and R$2,088, Company and consolidated, respectively, recorded under "Other operating revenue (expenses), net", on the date of the tax installment program.