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Notes to the Financial Statements
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Taxes and Contributions Payable
Taxes and Contributions Payable
| | Current | Long-term |
| | 2005 | 2004 | 2005 | 2004 |
| Income tax | 2,040 | 21,162 | - | - |
| Social contribution | 2,536 | 7,080 | - | - |
| COFINS and PASEP | 39,470 | 29,232 | - | - |
| PAES | 39,401 | 36,311 | 256,114 | 272,338 |
| INSS | 17,320 | 15,531 | - | - |
| Other | 5,364 | 5,803 | - | - |
| Total | 106,131 | 115,119 | 256,114 | 272,338 |
The Company applied for enrollment in the Special Tax Debt Refinancing Program (“PAES”), on July 15, 2003, in accordance with Law no. 10.684, of May 30, 2003, which includes COFINS and PASEP debts involved in a lawsuit brought against the enforcement of Law no. 9718/98, and consolidated the previously outstanding balance of the Tax Recovery Program (“REFIS”). The total amount included in the PAES was R$ 316,953, as follows:
| Tax | Principal | Fine | Interests | Total |
| COFINS | 132,499 | 13,250 | 50,994 | 196,743 |
| PASEP | 5,001 | 509 | 2,061 | 7,571 |
| REFIS | 112,639 | - | - | 112,639 |
| Total | 250,139 | 13,759 | 53,055 | 316,953 |
The obligation will be paid in 120 months. After enrolling in the PAES Program, the Company paid R$ 37,986 and R$ 34,894 during the years ended December 31, 2005 and 2004, respectively; financial charges in the amount of R$ 24,852 were recorded for the year ended December 31, 2005 and R$ 28,128 in 2004. The debit balance on December 31, 2005 was R$ 295,515, Assets pledged as guarantee under the previous REFIS Program, in the amount of R$ 249,034 continue to secure amounts under the PAES Program.
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