Decree no. 48,468/2023 changes Inheritance Tax installment plan in RJ

On 04/14/2023, Decree no. 48,468/2023 was published, which amended Decree no. 44,007/2012, thereby changing the installment payment arrangement of the Inheritance Tax (Imposto sobre Transmissão Causa Mortis e Doações de Quaisquer Bens e Direitos – ITCMD) of the State of Rio de Janeiro.

The main change pertains to the increase in the number of installments available to the taxpayer to pay the Inheritance Tax, both outstanding and unmatured. The maximum number of installments went from 24 to 48, which are to the adjusted for inflation by the SELIC index with monthly interest of 1%.

In regard to unmatured tax collections, SELIC will be applied as of the 1st day after the due date of the installment until the last day of the month prior to the actual payment, with the addition of 1% relative to the month when such installment is being paid.

It becomes clear that the change in the installment payment arrangement in the State of Rio de Janeiro aims to make it easier for the taxpayer to pay the inheritance tax, for it not only increases the maximum number of installments, but it also allows the taxpayer to apply for this electronically.

For further information or clarifications, the tax law area of BRZ Advogados is entirely at your disposal.