Nota fiscal in english12/20/2023 ![]() ![]() There are several bolt-on products available in the Brazilian market, but out of those, the most popular product across different industry sectors is MasterSAF, a Thomson Reuters product from the OneSource Tax family. It is prevalent for a medium or large enterprise in Brazil to rely on a bolt-on solution integrating with the existing ERP systems to manage the SPED compliance requirements. MasterSAF – the “magic tool”ĭue to the complexities of Brazilian tax legislation and frequent changes, the ERP systems or other satellite systems currently being used to issue or receive the nota fiscals are not technically capable enough to support the complexity of the SPED reporting requirements. This could be either electronic filing in XML format or TXT file format. The method of communication between taxpayer and SPED system is different based on type of filings. ⦁ Customer data with the size, type of business and special regimes (if applicable).Įach tax / accounting SPED filing requires different data standards and file formats. For example, Lucro Preumido, Lucro real, etc. ⦁ Supplier data with the size and type of business. Some of the critical data objects that are key for the SPED reporting are: It consists of tax-related information and the necessary logistics and production processes data-for example, Batch information, Bill of materials, etc. In general, the amount of data required to fulfil either Tax or Accounting SPED is very high. The complexity of the compliance process varies based on the type of industry and the number of operational locations and types of operations for each company.įor example, in the Pharmaceutical industry sector, if the company has both a manufacturing facility and commercial operations, then the number of filings and the amount of data to be reported digitally is considerably higher than a company that is just acting as a distributor. ⦁ e-Financeira: this is a compliance obligation for banks ⦁ EFD-ReInf: digital bookkeeping and monthly reporting of withholdings and information on Social Security contributions ⦁ EFD-ICMS/IPI: this is a monthly obligation to report digital tax documents to the state tax authorities (CISM and IPI) ⦁ EFD: Contrubuicoes: this is a monthly obligation of reporting digital tax documents to the federal tax authorities (PIS and Cofins) ⦁ ECF: this is the digital tax return,created in 2014, which is delivered once a year before July 31st ⦁ ECD: the digital accounting bookkeeping documents which are delivered once a year before May 31st ⦁ eSocial: a program to streamline HR and payroll in order to submit all the employee information on a monthly basis The tax authorities hold these business transaction events between all the taxpayers, enabling them to monitor tax avoidance and other criminal activities.Īlong with the invoices, all taxpayers must submit tax filings, and they consists of twelve modules and seven different ancillary reporting requirements. NFC-e: Coupam nota fiscal for transactions between B2C NFe: Nota Fiscal Electronica for goods movements In Brazil, there are five different types of electronic invoices which are the basis for the compliance process: It includes getting authorisation for issuing the invoice and confirming receipt by the recipient of the invoice. ![]() The process of communication between taxpayers and tax authorities is mandatory. The compliance process starts by sending every electronic invoice to the SPED system. SPED has become the new fiscal compliance system in Brazil, and every company must submit their filings electronically at regular intervals. ![]()
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