Estate and Gift Tax installment plan extended in Rio

Amendment aims to put properties of non-compliant heirs in good order

On July 5, State Statute No. 9,772/2022 was published in the Official Gazette of the State of Rio de Janeiro. The Law introduced new provisions regarding the installment plan for the payment of Estate and Gift Tax, known in the state as “ITD” (and as “ITCMD” in other regions in Brazil).

As a result, the payment plan has been extended from 24 to 48 successive installments. The extension aims to increase state tax collection, helping to restore inherited properties that are in default to proper status.

Installments will be adjusted for inflation according to the UFIR-RJ, which is fixed at R$ 4.0915 for the year 2022.

The law also allows for the possibility of a further extension of up to 60 successive months, by means of a Decree, so taxpayers need to keep a close eye on the publication of new enactments.

Those wishing to join the installment plan must apply within 60 days from the date they receive a tax deficiency notice.

Support to individuals

DPC has a department dedicated to assisting individuals, providing their support to Brazilians and foreigners in maintaining their tax compliance. You can rely on this support: dpc@dpc.com.br.