Payroll tax exemption maintained until 2024 and gradual implementation of the exemption from 2025 onwards
Published on September 16, 2024, Law 14.973 establishes the transition regime for the Substitute Social Security Contribution on Gross Revenue (CPRB) for the companies mentioned in articles 7 and 8 of Law 12.546/2011.
What to expect from the new tax reform?
The Tax Reform transition, scheduled to begin in 2026, will bring significant changes to Brazil's tax structure, with the unification of federal, state and municipal taxes into two new taxes: the Contribution on Goods and Services (CBS) and the Tax on Goods and Services (IBS).
Understand Dirbi, the Federal Revenue Service’s new accessory obligation
The Federal Revenue Service (RF) has established a new obligation for companies through RFB Normative Instruction No. 2,198/2024, published on June 18, 2024. The Declaration of Tax Incentives, Waivers, Benefits and Immunities (Dirbi) aims to collect information on the tax incentives used by companies.
ECD 2024: deadline and rules for submission
Companies have until June 28 to submit the Digital Accounting Bookkeeping (ECD 2024) to the Public Digital Bookkeeping System (Sped). This is the last working day of the month established as the deadline for fulfilling this tax obligation.
Tax updates to keep an eye on
Stay aware of the new rules on taxation of foreign investments (Individual Income Tax) and the Provisional Measure that revokes Payroll Taxation for 17 Economic Sectors
Calculating PIS/Pasep on the payroll brings changes for taxpayers and promotes integration with eSocial and DCTFWeb
As happens every year, the accounting sector needs to be aware of regulatory and legislative changes that impact companies’ tax obligations. On January 24th, the inclusion of the PIS/Pasep calculation on payroll in eSocial came into force. This calculation will be presented in event S-5011 of the system and then sent to DCTFWeb.
Perspectives for the future of tax reform and the next legislative steps
In the final days of 2023, the long-awaited tax reform was enacted. The new legislation aims to restructure the tax system, seeking simplification, equity, and stimulating economic growth. The approval of the reform brought about a series of changes in taxes and fiscal policies, directly impacting businesses, consumers, and the market as a whole.
Changes in the labor and social security landscape to keep an eye on in 2024
The labor landscape in Brazil is constantly changing, and this is a challenge for companies, which must ensure that their practices comply with the new regulations and avoid possible legal implications. In this context, adaptability and attention to legislative updates are necessary.
Accounting for foreign companies and multinationals operating in Brazil
That our fiscal and accounting scenario is complex and full of intricacies, Brazilian companies are tired of knowing. Now, for foreign and multinational companies operating in Brazil, the difficulties seem to be even greater. The bureaucratic obligations are many for those who want to install their business in the country, whether it is industry or commerce of goods or services.
Problems with the tax authorities and tax assessment
Tax assessment is undoubtedly one of the most important activities for the success of a business. As well as being a legal obligation, it contributes to maintaining the company's financial health, thus ensuring its compliance with tax laws and the full operation of its activities.
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