Enrollment Requirements and Effects CONFESSION - Irrevocable and irreversible confession of debts by the taxable person as the taxpayer itself or a tax agent collector; WITHDRAWAL OF ADMINISTRATIVE AND JUDICIAL DISCUSSIONS - As an enrollment requirement to the PRT, taxpayers must first withdraw their objections or administrative appeals and legal actions connected to the debts to be settled under the program (together with the waiver of any claims of right attached to those debts); APPLICATION - Adhesion will take place upon submission of Application within the above-mentioned enrollment deadline; DOWNPAYMENT - The granting of the application for adhesion to the PRT shall be conditional on the payment in kind of the amount due or the first installment, which shall occur until the last working day of the month when the requirement would have been filed; TOTAL ALLOCATION - There is a duty to pay, on a regular basis, the installments of debts consolidated in the PRT, as well as debts due after November 30, 2016, registered or not in Federal Treasury Active Collection Files, under risk of being excluded from the PRT; FUTURE MIGRATION FORFEITURE - MP 766 prohibits debts enrolled in the PRT to be included in any other form of subsequent payment installment program, except for ordinary installment program (under normal conditions already provided for in the legislation); COMPLIANCE WITH THE FGTS - Failure to comply with the Government Severance Indemnity Fund for employees (FGTS) on a regular basis implies exclusion from the PRT.
payment of the consolidated debt in up to 120 (one hundred and twenty) monthly and successive installments, calculated in order to observe the following minimum percentages, applied to the value of the consolidated debt: payment of the consolidated debt in up to 120 (one hundred and twenty) monthly and successive installments, calculated in order to observe the following minimum percentages, applied to the value of the consolidated debt: Debts due to PGFN Regarding debts due to PGFN, the alternatives provided by MP 766 correspond to Options 3 and 4 above.
One of the first measures adopted by the Vice-President Michel Temer, who is now the Head of the Brazilian Executive Branch as a result of the process of impeachment of Dilma Rousseff, was to make it clear to the market that the new Brazilian Government will welcome the participation of the private sector in the public infrastructure projects. 727, of May 12, 2016 ("MP 727/2016"), that creates the Investment Partnerships Program ( PPI) for the expansion and strengthening of the interaction between the State and the private sector through the conclusion of partnership agreements for the implementation of public infrastructure projects and other privatization measures.
MP 727/2016 contemplates the main features of the PPI and also contains the following relevant topics: (a) creation of a Council linked to the Presidency of the Republic ( the Fund); and (d) adoption of measures for the expeditious release of the projects.
It is a communion of resources for the acquisition of the following assets (eligible assets): shares, subscription bonuses, unconvertible debentures and other securities convertible into or exchangeable for shares issued by publicly or privately-held corporations, as well as securities representing participation in limited liability companies ().
The Fund must participate in the decision-making process of the invested company with effective influence in defining its strategic policy and management.