RIO DE JANEIRO Nov 29 Brazilian steelmaker Cia
Siderurgica Nacional said on Friday that it has
agreed to pay Brazil 566 million reais ($242 million) in back
taxes related to profit at overseas operations.
Under the agreement, CSN will get discounts of 50 percent to
80 percent on fines and other assessed charges and have 15 years
to pay, the São Paulo-based company said in a statement.
CSN will pay 103 million reais of the bill now and the
remaining 463 million reais in 179 monthly payments adjusted by
Brazil's benchmark Selic interest rate.