Top Treasury lawyer sees Brazil beating revenue outlook for tax disputes
BRASILIA - Nearly 40% of the extra revenue that Brazil's government needs to erase its budget deficit next year hinges on one strategy: the Brazilian Treasury's top lawyer using a stronger hand to negotiate some 67 billion reais from tax disputes.Underpinning her confidence is a recent rule change for tax trials that awards the government a victory in the case of a split vote on the federal tax appeal board CARF, where companies and individuals dispute their tax obligations.
But Almeida insisted the outlook for more revenue from tax disputes is conservative, and stressed that in addition to what is already outlined in the 2024 budget, the government is focusing on the 100 largest and most promising tax cases in the courts, with some 180 billion reais at stake. The 100 judicial cases she is prioritizing involve companies that have made a deposit as collateral in their dispute, improving the odds of actual payment.