Brazilian Tax Reality

DIRF – Withholding Income Tax Return

The DIRF – Withholding Income Tax Declaration is the declaration made by the PAYING SOURCE, in order to inform the Secretariat of Federal Revenue of Brazil:

• The income paid to individuals domiciled in the Country;
• The amount of income tax and contributions withheld at source from income paid or credited to its beneficiaries;
• The payment, credit, delivery, employment or remittance to residents or domiciled abroad;
• Payments to health care plans – corporate group
• With speed and dynamism, the Compliance solution will format and allow the control of withholding taxes in order to inform the RFB of the taxes paid or credited to your company’s beneficiaries.

 Digital Tax Bookkeeping

EFD-Contributions is a digital file used by private legal entities in the accounting of the contribution to the PIS/Pasep and COFINS, with the non-cumulative and/or cumulative regimes, based on the set of documents and operations representing the revenues obtained.

With the intelligence for the calculation of the Fiscal Compliance solution, it goes beyond the simple generation of the file that ensures speed, security, and complementation of the data to generate the obligation in an analytical or synthetic way, including block I.

Compliance’s solution perfectly meets the complex tax world of issues related to PIS, COFINS and Social Security Contribution on gross revenue.

FCI – Import Content Form

The FCI (Import Content Form) is responsible for presenting data that show the percentage of imported items in a final product. It follows the same pattern of SPED – controlling the goods that use the reduced ICMS in operations outside the states. It is with the information passed on by the FCI that one defines whether the product can benefit from the reduced rate or not.

The good news for companies is that the problems with the calculations and sending of FCI information can be solved with the implementation of a specialized tax solution.

The software from Compliance Solutions, the largest tax software reference in Brazil, has an exclusive FCI module, customized and automated for calculation, with transmission of the FCI file with management of the numbers and automation of the number in the issuing of the NF-e.

FCONT – Fiscal Accounting Transition Control

FCONT is a double-entry bookkeeping of balance sheet accounts and results, which considers the accounting methods and criteria in effect on 12.31.2007.

Using the Intelligence present in the Compliance solution, it will be much easier to generate the file, since the solution goes beyond the simple generation, allowing you to control the recognition of revenues, costs, and expenses accounted for in the bookkeeping.

PIS, Cofins and CSLL

Service delivery has become a challenge for most companies and a reassurance for Compliance clients, understand the reasons why:

1) Calculation intelligence directly connected;

2) Real time calculation of the withheld INSS

3) IRRF highlighted in an easy way;

4) Validated PIS, Cofins and CSLL

5) Simplified calculation

6) End of doubts with ISS;

7) Validation of the tax of the taker

8) Calculation of the tax provider;

9) Have at hand the collections;

10) Ease of conference.

With the highlight of the tax intelligence native to Compliance’s tax platform built through the knowledge of experts in the field, our clients can offset taxes and reduce costs by using the flexible rules. We also offer significant gains in security, agility and ease of calculation and generation.

The tax war between the states does not need to transform your state operations into a calculation war, forget the complexity of ICMS with Compliance’s solutions;

Get significant gains from the ease of generating your state obligations including credits through e-Credac.

Learn about 10 benefits:

1) Performance for calculating business groups;

2) Division of the calculation per user and activity (direct and indirect);

3) Tributes Compensation reducing the tax burden;

4) Validation of the declarations guaranteeing quality;

5) Calculation intelligence directly connected;

6) Automatic scheduling of obligations;

7) Generation of more than one simultaneous obligation;

8) Import of external files in Excel, TXT or XML;

9) Support reports and export to Excel, TXT or XML;

10) Uses the calculation performed allowing performance for the team and tranquility for the management;

IPI

Making refunds (PER) or compensation (DCOMP), will now be easy. Compliance intelligence provides, through tax documents, data validation and auditing, and intelligent support reports.

SPED Fiscal is a digital file, which consists of a set of bookkeeping of tax documents and other information of interest to the tax authorities of the federated units and the Federal Revenue of Brazil.

It provides the generation of the magnetic file in the format supported by the PVA of SPED and the consolidation of the taxpayer’s tax information accurately, minimizing exposure to the tax authorities.

It generates information from Tax Documents, CIAP (Block G), Financial and similar (Block K) and other specific information per company segment, such as fuels, alcohol and sugar cane mills, ICMS sub-applications, among others. It offers adherence to the information previously presented in the State Tax Books, also allowing data validation and audits.

Who needs to use SPED Fiscal?

Any company taxed under the Actual Profit regime is automatically included in the SPED Fiscal. Micro and small companies that opt for the Simples Nacional are exempt from the requirement for the time being.

Ensure On-Time Delivery of the K Block!

Block K deals with production and inventory. Industrial establishments or those equivalent to them by federal legislation and wholesalers must report their stocks and production in Block K of the Tax SPED.

It requires companies to report standardized specific consumption, normal losses in the production process, and substitution of inputs for all products manufactured by the establishment itself or by third parties.

In practice, the K block is the digitalization of the Production and Inventory Control Book, which is difficult to keep updated, given the modeling of the production processes that sometimes do not fit into the cases listed by the tax legislation.

What can Compliance do for you?

With no initial investment in software or infrastructure, your company can enjoy a 100% Cloud product.

The only one in the market to count on native tax intelligence, the Compliance Tax Solution is capable of cross-referencing and validating existing tax information, providing less tax risk in the delivery of your accessory obligations, without the need to acquire third-party data validation software.

Founded by accountants from USP, Compliance has a team of highly qualified and skilled professionals to meet all tax specificities of the Brazilian market and guide your company in meeting its obligations.