Of the R$43 billion in debts that Americans (AMER3) presented to the court as a justification for the request for judicial recovery, about R$ 1.8 billion are in tax debts with the federal government, Sao Paulo and Rio de Janeiro.
Although expressive, the amount of the tax debt is not included in the judicial recovery plan. Tax debts with the states and the Union will be analyzed and written off after Americanas’ recovery plan is accepted.
The largest outstanding balance is with São Paulo, at R$965 million. There is also an account of R$ 623 million with the Union and R$ 225 million with Rio de Janeiro. The values refer to the so-called active debt, that is, when they left the administrative sphere and began to be questioned in the judicial sphere. The amount does not include city and other state taxes.
Before paying the tax debt, Americanas needs to pay creditors and suppliers. Expenses are paid first, the advance payment of which is essential for administering the bankruptcy. Then, labor credits, of a salary nature, due up to three months before the declaration of bankruptcy and limited to five minimum wages per worker.
Source: Moneytimes
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