BRASILIA: Brazil’s President Michel Temer signed a decree on Monday extending for two weeks a tax debt renegotiation program known as Refis, the presidential office said.
The program has collected more than 10 billion reais ($3.05 billion) in back taxes this year for the Treasury. Earlier this month, the Senate approved greater discounts to taxpayers in the program, depriving the cash-strapped government of about 3 billion reais.