Definition, Meaning & Synonyms

refis

Noun

/ˈrefis/

Definition

Refis is a Brazilian term commonly used to refer to a tax refinancing program that allows individuals and businesses to renegotiate their tax debts with reduced penalties and interest.

Examples

The government introduced a new refis program to help citizens manage their tax debts more effectively.
Many businesses opted for refis to settle their outstanding taxes without incurring heavy fines.

Meaning

The term ‘refis’ is an abbreviation for ‘Refinanciamento de Impostos’, which translates to ‘Tax Refinancing’. It is a financial option available in Brazil for taxpayers who are struggling to pay their taxes.