Representatives of Bradesco told a parliamentary inquiry commission (CPI) of the São Paulo City Council in Brazil that the bank had obtained favorable court rulings on approximately R$500 million of the R$812 million claimed by the city government. The testimony took place on Thursday (5).
According to the bank’s legal superintendent, Lígia Policiano, the claim is the subject of ten lawsuits. Bradesco is challenging the application of the Services Tax (ISS) to revenue that, according to the institution, comes from financial transactions and commission payments. Vice President Cassiano Scarpelli said that R$44 million is under dispute through administrative proceedings.
The chair of the CPI, Sansão Pereira (Republicanos), announced that the Fique em Dia program will resume on November 16 and run through February 26, 2027. The program allows people to negotiate debts registered on the city of São Paulo’s outstanding debt roll.
