Began this Wednesday (6), the registration made available by the city of Belo Horizonte for the program BH Note 10, which offers up to 30% off the payment of property tax (Urban Property Tax). To qualify for the tax rebate for 2020, you must “accrue credit” through electronic service invoices between November 1, 2018, and October 31, 2019.
The discount program is part of everything you spend on Belo Horizonte and can be converted into a discount for the payment of property tax. These accumulating credits are only valid for individuals and must be withdrawn on the Belo Horizonte City Hall website by November 30th. In addition, it is possible to pay attention to the invoices received, ask questions and make complaints to companies that do not issue electronic invoices.
For legal entities, credit accumulation was valid only until 2016.
How does the NFS-e credit system work for IPTU discount?
When a service provider issues an NFS-e, an obligation arises to pay a percentage of the price of that service (aliquot) to the Belo Horizonte City Hall (PBH) under ISSQN (Tax on Services of Any Nature).
How much can I deduct from the property tax through the use of NFS-e credits?
You can discount up to 30% of the value of property tax due. The IPTU discount resulting from the credit for the issuance of NFS-e will be used in the year immediately after the accumulation period, ie, from November 1st to October 31st of the following year. Unused credit loses value and cannot be used in subsequent years.
Who is entitled to use credits for issuing NFS-e for IPTU discount? And who doesn’t have that right?
Entitled to IPTU rebate credit due to the issuance of NFS-and all service takers, citizens or companies, whose CPF or CNPJ is duly identified in the tax document, except:
- natural and legal persons * protected by immunity or exemption from the property tax;
- natural and legal persons * domiciled or established outside the territory of the municipality of Belo Horizonte;
- the borrowers of services owed to the Municipality, whose liability is not suspended.
For legal entities the accumulation of credits is valid only until 11/20/2015, according to Law 10.876 / 15. After this date, the program benefits only individuals.