São Paulo lowers tax debt adjustment rate

Starting in January 2025, the city of São Paulo will apply a lower inflation adjustment index to Tax on Services (ISS), Urban Real Estate Tax (IPTU), and Property Transfer Tax (ITBI) debts. Law No. 18,095 of 2024, which provides for this year’s edition of the Incentivized Installment Program (PPI), determines the application of the Selic rate plus 1% in the month of payment.

 

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