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06.11.08
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BNDES President signs contract with Rio de Janeiro Government for tax modernization
BNDES President, Luciano Coutinho, and the governor of Rio
de Janeiro, Sérgio Cabral, signed on Wednesday, 11, a R$ 15m
financing contract to improve tax management in the state.
The project includes investments in information technology,
equipment purchase, development of systems and staff
qualification.
The funds, disbursed under the facility Modernização da
Administração das Receitas e da Gestão Fiscal, Financeira e
Patrimonial das Administrações Estaduais (Modernization of
Revenue, Tax, Financial and Property Management of State
Administrations - PMAE), will be used to expand the state’s
economic efficiency, by increasing the capacity to check for
tax payment and reduce tax management costs.
The facility, developed in March 2007, will deliver BNDES
financial support to projects related to tax administration
modernization, reducing costs and red tapes and preventing
tax evasion by improving planning, control and inspection.
Rio de Janeiro’s government project includes the development
and the implementation of the Public System of Digital Tax
Receipts (SPED), which deploys the information technology
into the relationship between the national treasury and the
taxpayer, and the Synchronized Database, which connects the
federal, state and local tax entities. This will allow that
the setup, change and closing of companies, contributing to
reduce the so-called Custo Brasil (Brazil Cost). Total
investments expected amount to R$16.7m.
PMAE’ portfolio in BNDES amounts to R$171.5m, covering
investment projects of 15 Brazilian states. Out of these,
the Bank’s management has approved loans for eight, and
seven other are currently under assessment.

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