Paranaguá Port to pay off its debts in 2020

In 2020, Portos do Paraná, a public company, plans to pay at least R$22.66 million to the Paranaguá municipal authority, thus finally becoming debt free. This refers to the ten further installments that were due for a debt accumulated between 2014 and 2018, and will be paid monthly from January to October. This also includes the current annual permit fee for its location, valued at R$3.7 million.

After seven years without paying for its port location permit, the company managed to negotiate its debt down from R$77 million to R$25 million. In 2019, more than R$10 million of this debt was paid, which was historic. The amounts due were related to municipal taxes that started to be charged in 2014, when the former APPA changed the legal nature of an autarchy to a public company. “There was an active debt of R$77 million. In addition to renegotiating this amount in the special Tax Recovery Program (Refis), we ended years of administrative litigation and reached a consensus that part of what was charged would be waived,” says the legal director, Marcus Vinícius Freitas.

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