Brazilian companies struggle to comply with taxation and bureaucracy. The complexity of the Brazilian tax system is a huge concern of Brazilian accountants and tax advisors. For some companies and individuals, the tax return is a nightmare, sometimes even worse than the tax bill. See below the main annual tax Read more…
IRPF, short for Imposto sobre a Renda das Pessoas Físicas in Portuguese, is imposed by federal government on individual income. States and cities in Brazil do not levy income taxes. An income tax return must be filed every year by business and individuals. Who is required to file a tax return? It will depend on your Read more…
Individual entrepreneurs with gross revenues that does not exceed BRL 81,000.00 per year can register their business as Individual Micro-Entrepreneur (MEI), Microempreendedor Individual in Portuguese. This allows entrepreneur to establish a company and create a Brazilian Tax ID number. In order to register as a MEI, the entrepreneur must Read more…
Brazilian companies struggle to be in compliance with taxation and bureaucracy. To make this less painful, the government created the Simple Tax System, Simples Nacional in Portuguese, for micro and small businesses. The goal of this system is to consolidate different taxes and reduce the number of tax reports. The Simple Tax System is not applicable 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 types of taxes and they are grouped into Goods and Read more…