The Brazilian tax system is one of the most complex and demanding tax systems in the whole world. In many cases, to effectively administrate the tax burden is a question of survival or of a competitive advantage in the business world.
The experience of the consultants in the tax area, added to the deep knowledge of the Brazilian tax legislation, results in a preventive work and in an efficient finance management.
Analysis of tax operations and practices (direct and indirect tax compliance)
Our firm reviews the tax procedures adopted with the purpose of verifying whether they comply with the provisions of the Brazilian tax legislation. The TAS area is divided into two large groups: Direct Taxes and Indirect Taxes.
Review of the Corporate Income Tax Return (DIPJ), the Transition Tax and Accounting Control (FCONT), and the Individual Income Tax Return (DIRPF)
Our firm reviews the completion of the income tax returns of both legal entities and individuals and of the FCONT in view of the adjustments arising from Law 11.638/2007 – Transition Tax Regime (RTT). So as to achieve great efficacy and quality in the results of our work, we bly use IT tools developed in-house and applied to reviewing accessory obligations.
Review of the legal, tax and corporate bookkeeping
We review the form in which the company was constituted, its registrations at the competent agencies, the obtainment of certificates and running licences, the formalization of the tax, accouting and e-commerce records, the submission of the information to the supervising authorities, tha payment of fees and the respective file of the documentation involved, in addition to the legal fulfillment of the obligations priovided for by the articles of organization and by the corporate legislation.
Internal control review
Our firme reviews the controls adopted by the company for tax operations, such as the calculation of tax assets and liabilities referring to the State Value Added Tax (ICMS), Excise Tax (IPI), the Tax on Gross Revenues for the Social Integration Program (PIS) and the Tax on Gross Revenues for Social Security Financing (CONFINS), shipping on consigmnment, sundry shipments and returns sales made to the Manaus Free Trade Zone and the Free Trade Areas, exports and imports, tax matters inherent to the use of fiscal printers, analysis of tax and accounting magnetic files and the development of oricedures and tax operation manuals.
Investigation of tax assets and liabilities
Our firm investigates and updates the federal, state and municipal tax liabilities and assets, guiding our clients as to the best manner of paying the tax liabilities and utilizing the tax assets.
We review the model adopted by the client in calculating transfer prices, in accordance with the legislation in force. We also provide advice in preparing the models that conform to the calculation of the transfer prices, which support the regular statement of the amounts calculated.
Advisory services referring to the digital bookkeeping – SPED – and the validation thereof in the public systems (Accounting, Direct and Indirect Taxes, Sintegra and Regulatory Instruction No. 86)
Our firm reviews the electronic information sent to the Tax Authorities through IT TAX tools developed in-house by the ECOVIS PEMOM team.
Tax and corporate planning
We evaluate the ownership and tax structures of the company, or group of companies, with the objective of conforming them to the best business management. We make studies on tax costs and advantages to do business in the different States of Brazil, generating subsidies for decision making with regard to opening new facilities, geographic expansion, trade relations (tax war), which are seriously affected by tax incentive policies adopted by Brazilian States and Municipalities.
Advisory services referring to tax-deficiency notices
Jointly with the client’s legal advisors, we investigate and review the amounts referred to by the public tax auditor with the purpose of generating subsidies to build up the defense and help in supervising the documents that will eventually be attached thereto.
Tax due diligence
Tax due diligence comprises advisory services for the purpose of mergers and acquisitions. It is a broad tax review including the last five (5) fiscal years.