New tax rules for oil and gas industry
Complex issues permeate the oil and gas segment when it comes to the tax area and accounting procedures in Brazil. To extract the full potential of this market, companies, in addition to constantly investing in more efficient technologies and better management practices, should follow the regulatory changes of the activity and improve cost and tax control.
RFB created new rules for ECD
Federal Revenue of Brazil (RFB) consolidated and amended the legislation dealing with Digital Accounting Bookkeeping (ECD), through Normative Instruction (NI) 1774/2017.
Choosing the best tax regime for your business in 2018
Therefore, all companies are required to annually establish the tax system that will be considered in calculation and in taxes payment, where the three existing types are mentioned: Actual Profit, Presumed Profit, and Simples Nacional.
Important aspects in tax area in 2018
Tracking tax changes in Brazil is often a challenge for entrepreneurs, given the complexity of our standards and their successive changes. In order to keep a guidance of the issues that will be highlighted in 2018, and to assist companies in their routines, we compiled the following list.