State Tax Benefits Conditions Term Legislation

(i) payment in a lump sum with a reduction up to 75% of the fine charged and up to 60% ofthe legal increments;

(ii) up to 120 monthly installments, with a reduction up to 50% of the fine charged and40% of the legal increments.

(i) payment in a lump sum with a reduction up to 50% of the consolidated debt (includinginterest, fines and legal increments);

Settlement of the debt with accumulated credit of ICMS: 11.30.2015

(ii) up to 60 monthly installments, with the possibility of use of a bonus to reduce theamount that should be payed (the installments will be restated by SELIC);

(ii) settlement of the debt with accumulated credit of ICMS.

Espírito Santo ITCDReduction up to 100% of the fine and interest charged, depending on the method ofpayment

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

12.30.2015Law No. 10,376/2015, extended

by Law No. 10,421/2015

(i) payment in a lump sum with a reduction up to 40% of interest, 50% of the formal fineand 75% of the penalty fine, depending on the date of the payment;

(ii) up to 120 monthly installments, with a reduction up to 40% of the interest and 50% ofthe fine charged.

PPI - (i) payment in a lump sum, with a reduction up to 75% of the fine and 60% of theinterest;

(ii) up to 120 monthly installments, with a reduction up to 50% of the fine and 40% of theinterest.

PPD - Tax Debts: (i) payment in a lump sum, with a reduction up to 75% of the fine and60% of the interest;

(ii) up to 120 monthly installments, with a reduction up to 50% of the fine and 40% of theinterest.

PPD - Others Debts: (i) payment in a lump sum, with a reduction of 75% of the legalincrements;

(ii) up to 120 monthly installments, with a reduction of 50% of the legal increments.

(i) payment in a lump sum with a reduction up to 95% of the fine charged and up to 80% ofthe interest;(ii) up to 60 monthly installments, with a reduction up to 80% of the fine and 60% of theinterest.(ii) up to 120 monthly installments, with a reduction up to 65% of the fine and 50% of theinterest.

(i) payment in a lump sum with a reduction up to 95% of the fine charged and up to 40% ofthe legal increments;

(ii) up to 60 monthly installments, with a reduction up to 90% of the fine and 30% of thelegal increments.

(i) payment in a lump sum with a reduction up to 100% of the legal increments;

(ii) up to 120 monthly installments, with a reduction up to 80% of the fine and interest.

ICMS: (i) payment in a lump sum with a reduction of 100% of the fine and interest;

(ii) up to 180 monthly installments, with a reduction up to 90% of the fine and interest.

ITCD and IPVA: (i) payment in a lump sum with a reduction of 100% of the fine andinterest;

(ii) up to 12 monthly installments, with a reduction up to 80% of the fine and interest.

(i) payment in a lump sum with a reduction up to 100% of the fine and interest;

(ii) up to 120 monthly installments, with a reduction up to 85% of the fine and interest.

(i) payment in a lump sum with a reduction up to 99% of the fine and interest;

(ii) up to 120 monthly installments, with a reduction up to 90% of the fine and interest.

Municipality Tax Benefits Conditions Term Legislation

(i) payment in a lump sum with a reduction of 60% of the legal increments;ISS and ITBI: Triggering event occured until21.31.2012, entered in the past-due liabilityroster

(ii) up to 24 monthly installments, with a reduction up to 40% of the legal increments.IPTU and TCL: Triggering event occureduntil 2011

(i) remission of 20% of the tax, if the property is in line with the typology provided for insubparagraphs "y" ou "z" of the Table III-B, attached by the Law No. 691/81;

(i) payment in a lump sum with a reduction of 70% of the legal increments, in case ofothers properties;

(ii) up to 36 monthly installments, with a reduction up to 50% of the legal increments.

(i) settlement with tax offset or payment in kind, since the taxpayer pays at least 50% ofthe tax amount

(ii) settlements with debts not entered in the past-due liability roster will have a reductionof 60% of the legal increments and fine, if paid in a lump sum, or with a reduction of 40%of the legal increments and fine, if paid in a 36 monthly installments;

Debts constituted until 01.01.2000: (i) payment in a lump sum with a reduction of 100% ofthe legal increments and 70% of the fine;

(ii) up to 36 monthly installments, with a reduction up to 70% of the legal increments and50% of the fine.

(i) payment in a lump sum with a reduction up to 80% of the fine and interest;

(ii) up to 12 monthly installments, with a reduction of 70% of the fine and interest.

(iii) up to 24 monthly installments, with a reduction of 60% of the fine and interest.

(i) payment in a lump sum with a reduction up to 100% of the fine and interest;

(ii) up to 60 monthly installments, with a reduction up to 100% of the fine and 50% of theinterest.

(i) payment in a lump sum with a reduction up to 60% of the fine, interest and legalincrements;

(ii) up to 60 monthly installments, with a reduction of 50% of the fine, interest and legalsincrements, since the first installment is 20% of the debt amount.

João PessoaTax debts and other

debtsPayment in a lump sum with a reduction of 100% of the interest and 90% of the fine. - 10.30.2015

Campaign for Tax Conciliation(in association with the StateCourt of Paraíba)

(i) payment in a lump sum with a reduction up to 80% of the fine and interest; Tax debts: 10.30.2015

(ii) up to 24 monthly installments, with a reduction up to 60% of the fine and interest. Others debts: 12.31.2015

(i) payment in a lump sum or up to 3 installemts, with a reduction up to 90% of the fineand interest;

(ii) up to 60 monthly installments, with a reduction up to 70% of the fine and interest.

FortalezaLaw No. 10,370/2015 andDecree No. 13,629/2015

Tax debts and other debts

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

Salvador

It was not published anylegislation until now. The CityCouncil approved, on10.06.2015, the Tax Law BillNo. 195/15 that grants thebenefit

Tax debts and other debts

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

Up to this moment, no deadline was given

Maceió Decree No. 8,130/2015Tax debts and other

debtsAll the debts, except the installmentsprovided for in Law No. 6,344/2014

10.30.2015

Porto AlegreComplementary Law No.773/2015 and Decree No.19,168/2015

ISS

Triggering event occured until 08.31.2015,constituted or not, or entered in the past-due liability roster or not, even if the debtwas previosly installment.

11.30.2015

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

BelémCampaign for Tax Conciliation(in association with the StateCourt of Pará)

IPTU, ISS, TLPL and ITBI

11.20.2015

São Paulo

Agreement ICMS 117/2015 (Itwas not published anylegislation to regulate theinstallment until now)

ICMSTriggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

Up to this moment, no deadline wasgiven, but the Agreement 117/2015establishes that the term cannot exceed12.31.2015.

Brasília - Distrito Federal Law No. 5,542/2015

ICMS, ISS, Simples Candago, IPTU.

IPVA, ITCD, ITBI, TLP and fines for non-

fullfilment of ancillary obligations

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

11.30.2015

Rio Grande do Sul Decree No. 52532/2015ICMSTriggering events ocurred until 07.31.2015,whether constituted or not, or entered inthe past-due liability roster or not.

Depending the method of payment, thedates vary between 10.30.2015 and12.18.2015

Minas GeraisDecree No. 46,817/2015 andJoint Resolution SEF/AGE No.74,794/2015

State tax debts, except IPVA

Tax debts constituted or not, or entered inthe past-due liability roster or not, even ifthe debt was previosly installment. ICMS:debts with no litigation nature past-dueuntil 12.31.2014 and debts with litigationnature constituted until 06.30.2015

In case of payment with accumulatedcredit of ICMS, the waive request mustbe proven before the Office of Attorney-General of the National Treasury until04.30.2016

Alagoas Decree No. 43,935/2015ICMS

Triggering events ocurred until06.30.2014, whether constituted or not, orentered in the past-due liability roster ornot.

11.30.2015

ParanáLaw No. 18,468/2015,extended by Decree No.2,507/2015

ICMS (PPI) e IPVA, ITCD, taxes, fines

and other debts (PPD)

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

10.30.2015

Ceará Law No. 15,826/2015ICMS, IPVA and

ITCD

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

10.30.2015

Paraíba Law No. 10,507/2015ICMS, IPVA and

ITCD

Triggering events ocurred until 12.31.2014,whether constituted or not, or entered inthe past-due liability roster or not.

10.30.2015

Amapá Decree No. 4,111/2015ICMS

Triggering events ocurred until06.30.2014, whether constituted or not, orentered in the past-due liability roster ornot.

01.01.2016

Piauí

Law No. 6,439/2013, Law No.6,657/2015 and Law No.6,658/2015, extended by LawNo. 6,684/2015

ICMS, IPVA and ITCD

ICMS: Triggering events ocurred until07.31.2013, whether constituted or not, orentered in the past-due liability roster ornot.

10.29.2015

Rio de Janeiro

Any municipal tax debt

All the municipal tax debtsUp to this moment, no deadline was

givenLaw No. 5,966/2015

Law No. 5,854/2015ISS, IPTU, ITBI and

TCL01.20.2016

Law No. 5,965/2015IPTU

Triggering event occured until this Law waspublished (09.23.2015), constituted or not,or entered in the past-due liability roster ornot, even if the debt was previoslyinstallment.

11.30.2015

Ian Muniz Emmanuel Biar de Souzaian.muniz@veirano.com.br emmanuel.biar@veirano.com.br+55 21 3824 4620 (RJ) / +55 11 2313 5707 (SP) +55 21 3824 4607

RIO DE JANEIRO SÃO PAULO PORTO ALEGRE BRASÍLIAAv. Presidente Wilson, 231 - 25º andar Av. Brigadeiro Faria Lima, 3477 - 16º andar Rua Dona Laura, 320 - 13º andar Scn. Qd 2. Bl. A - Ed. Corporate Financial Center - 10º andar sl. 100120030-021 - Rio de Janeiro RJ - BRASIL 04538-133 - São Paulo SP - BRASIL 90430-090 - Porto Alegre RS - BRASIL 70712-900 - Brasília DF - BRASIL