It’s no secret that charged to companies Brazil is one of the countries that collects the most taxes from its population, right? But do you know what the main taxes charged are, whether federal, state or municipal? Well, that’s exactly what we’re going to talk about in our article today.
Federal Taxes
Most of the taxes paid are destined for the Union, they are:
II – Import Tax
Tax levied, as the name suggests, on imported charged to companiesproducts, whether you are an individual or a legal entity. When you bring goods from another country, they will only be released after payment of the II. This tax has two types of collection:
Simplified taxation regime: for goods purchased worth up to US$100;
Special tax regime: for goods purchased between US$100 and US$3000.
IOF – Tax on Financial Transactions
A very common tax, the IOF is levied on foreign c level executive list exchange, credit or insurance transactions. It is also charged on transactions charged to companies involving securities or securities. The taxpayer may be either an individual or a legal entity, and is described in detail in Article 63 of the National Tax Code.
IPI – Tax on Industrialized Products
IPI must be paid by importers, traders and how to do cro for email marketing? industry owners. This tax is levied on both the value of the product and the domestically product. IPI is also charged on products put up for auction (due to abandonment or seizure).
IRPJ – Corporate Income Tax
This is the tax on the gross income of companies of all sizes and segments of the national market. The rates are as follows:
6% (when on inflationary accumulated profit);
15% (when based on actual profit).
IRPJ can be declared every three months or annually.
IRPF – Personal Income Tax
This tax is charge to workers and is on chile business directory their gross income. However, workers with gross income of up to R$28,559.70 per year are not taxed. The rate to be varies according to monthly income, ranging from 7.5% to 27.5%.
ITR – Tax on Rural Property
Annual tax charge on rural properties, whether by individuals or legal entities. Failure to pay this tax results in a fine of 1% per month.
CIDE – Contribution for Intervention in the Economic Domain
This tax is on natural gas, oil and their derivatives. CIDE taxpayers are fuel producers, importers and formulators in the country. The rates are R$100.00 per cubic meter charged to companies of natural gas and R$50.00 per cubic meter of diesel oil. Products sold to exporters and petrochemical naphtha whose final destination is the production of petrochemicals are exempt.
COFINS – Contribution to Social Security Financing
COFINS is on companies of all sizes and market segments, with the exception of micro and small companies under the Simples Nacional regime. The tax is to help the government finance social security programs, such as social security and public health. The rates can range from 3 to 7.6%, depending on the company’s profit regime.
CSLL – Social Contribution on Net Income
CSLL is levied on the net income of legal entities and can vary from 9 to 20%. The rate to be depends on the net profits of the base period before the provision for IRPJ.
FGTS – Severance Pay Guarantee Fund
This contribution is made monthly, charging a fee of 8% on the salary of the employee with a formal employment contract. It is up to the employer to make the deposit in the name of the beneficiary in an account at Caixa Econômica. The amount can be withdrawn in cases of dismissal or as provide for by law. Such as the purchase of a home.
INSS – National Institute of National Security
Tax is charge to both the employee and the company. The rate varies from 8% to 11%, depending on the employee’s salary. The INSS has several functions, the main one being the responsibility for social security retirement.
PIS/PASEP – Social Integration Program and Public Servant Asset Formation Program
They function as a guarantee for the FGTS. With the main objective of financing the payment of benefits. Unemployment insurance and participation in the gross revenue of entities or bodies.