RIO DE JANEIRO, BRAZIL - Around 738,000 micro and small-scale defaulting companies under the 'Simples Nacional' - a special tax system for small businesses - began to be notified in order to rectify their situation.
After the notification is given, taxpayers have up to 30 days to contest the notification or settle the debts, under penalty of being excluded from the 'Simples' tax regime on January 1st, 2020.
In all, 738,605 companies have . . .