Bradespar Fined BRL800m for Tax Infraction in Elétron Purchase

Bradespar says that it has been informed of tax assessment notices issued by “tax authorities” regarding payments made to Elétron SA in agreement signed in 2018, according to a statement.

• Unidentified tax authorities seek to demand around 800m reais due to “certain expenses appropriated by Bradespar in the 2018 financial year,” says Bradespar
  • Amount corresponds to the sum of IRPJ, CSL taxes supposedly owed, in addition to an official fine of 75%, an isolated fine and late payment interest at the Selic rate
• Bradespar says it is confident of the correctness of the procedures adopted in 2018 and that ...