There are several taxes withheld in Brazil and sometimes it is hard to know which tax should be withheld. These taxes withheld are only applicable to services and employee wages. There is usually no tax withheld when a good is Read more…
As you may be aware, In Brazil there are several types of reports and books that are required: Monthly tax books: Registro de Entradas (Inbound Invoices report): It reports all inbound invoices such as purchase, import, inbound transfer, etc. This Read more…
In Brazil there are several types of invoices that are required depending on the type of business you have. Different from what usually happens in other countries where the business can choose the best template to create an invoice, Read more…
The Brazilian tax code (CTN, short for Código Tributário Nacional in Portuguese), Law 5,172/1966, is a domestic law published on October 25th, 1966 and organized into two parts. The first part has six titles and the second has four titles. It Read more…
The complexity of the Brazilian tax system is a huge concern of Brazilian accountants and tax advisors. They are aware of their complications. For some companies and individuals, the tax bill is a nightmare. The Brazilian tax system has several Read more…