RADARFISCORP - Blog

Mitigating tax credits - CROSSING OF TAX INFORMATION

Tue, 12 Feb 2019 12:59:00 +0000

What taxpayers should be aware of is the integrity of the information provided by various accessory obligations, that is, the information must be consistent with one another so that a more detailed tax review process is not opened.

Conferences are relatively simple if we look at the following:

- In SPED FISCAL (EFD), your company declares information regarding the calculation of ICMS and IPI.

- In SPED CONTRIBUTIONS (EFD-C), your company is obliged to declare the information related to the PIS, COFINS and CPRB.

- To finish, your company delivers the DCTF that will contain all information regarding the Federal Taxes and Contributions Determined every month, that is, again information on those mentioned above. Other information of great importance in the DCTF are the information related to the existing installments and compensations, as well as payments made, among other things

In a very simple analysis, if the taxpayer stated in SPED FISCAL (EFD) that he owed R $ 10,000.00 PIS, he should have also declared in DCTF how the payment was made, that is, he made a payment in the amount of R $ 10,000 , 00, or a smaller amount but with compensation of existing credits or still made a installment.

These divergences between values are enough for FISCO to be able to raise a warning light and notify the company and / or to open a fiscalization process, which is extremely stressful for the company.

With the use of our tool, RADARFISCORP, you can proactively avoid sending contradictory information to the tax authorities, avoiding a series of problems with the supervisory bodies.

How Digital Tax Transformation Can Shake Your Business

Fri, 08 Feb 2019 19:12:00 +0000

"Digital disruption", a term so fashionable today, can be understood as the process of optimizing functions through technology, with the goal of improving efficiency and reducing costs.

A study conducted by KPMG entitled "Fiscal Digitization: Latin America Leads to Change" showed that this digitization movement is more than present in the Brazilian tax area, enabling companies to monitor legal changes and the prior evaluation of Treasury actions before data delivery.

On the other hand - on the other side of the IRS desk - Robotization of Processes, Data & Analytics, Machine Learning and Internet of Things are examples of digital megatrends in which the Government has invested to organize its universe of tax requirements in search of an analysis of more assertive data.

In this way, the Public Digital Bookkeeping System (SPED) becomes more mature every year in demanding information about company transactions at different times, including instantaneously, as in closing moments.

As a result of this investment made by the Government, the application of fines for inconsistent information presented by companies has increased.

Between 2013 and 2106, according to official data, there was a jump of 48.67% in the amount of assessments when compared to the period from 2009 to 2012 (R $ 596 billion against R $ 382 billion).

According to the Federal Revenue Service, 97% of the infraction notices are automatically generated by the supervisory systems.

Most of the managers of organizations in Brazil are aware of this great movement of digital transformation and that this requires strategic contributions in technologies, since in relation to the tax system, Brazil presents one of the most complex scenarios in the world.

They are three levels in the public hierarchy (federal, state and municipal) and several tributes governed by rules that change frequently according to the legislations.

How to be up to date with the requirements and take advantage of the tax benefits?

Digital disruption is, therefore, a no-go path, so that in order to meet obligations and guarantee tax benefits, companies will need to have technological innovations, such as the most effective use of Automation and Data & Analytics.

In addition to the use of disruptive technologies, there is also a need for tax and tax professionals with knowledge in systems, strategy, data analysis, robotization of processes, etc.

The mission of these experts is to, through efficient analysis, identify credit opportunities and reduce tax costs.

For 23 years, United Systems has tracked the pace of changes in Brazil's tax and tax systems, advising companies wishing to keep up with the Treasury and guarantee their tax benefits.

Our company already has innovative technology and personnel experienced and prepared for the reality of disruptive innovations.

Henniges Automotive inaugurates factory in Jundiaí - São Paulo - Brazil

Fri, 01 Feb 2019 12:05:00 +0000

Henniges Automotive, a North American multinational that operates in the automotive sector, inaugurated its plant in Jundiaí on Thursday (31).

The forecast is to create 300 direct jobs within three years. The investment is US $ 30 million, approximately R $ 120 million.

The executive director, Ronaldo Lemos, explained to the Tribuna de Jundiaí that the plant will attend General Motors (GM), with the production of rubber seal system for a new global project of the automaker, which will be launched in the second half of 2019 .

"For this, Henniges will have the workforce of 300 employees and high-tech equipment," he said.

The factory has 11 thousand square meters. The raw material used in the production of rubbers is also produced in Brazil, with a promise of not being added to the environment, in addition to filters installed in the plant to avoid odors.

Henniges produces rubbers to seal the trunk, vehicle body, door channels, windshield wiper grill and those located above the headlight, specifically for GM Brazil.

Also in Jundiaí was the inauguration of the company's global operations vice president, Larry Rollins.

SOURCE : Newspaper Tribuna de Jundiai - SP - Brasil

https://tribunadejundiai.com.br/noticias/economia/6757-americana-hengine-automotive-inaugura-fabrica-em-jundiai

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TECNOLOGY SHOULD OPTIMIZE FISCAL AND TAX PROCESSES IN YOUR COMPANY

Fri, 04 May 2018 13:56:00 +0000

The Integrity of the Information that is generated through the various modules of the Corporate Management Software (ERP-Enterprise Resource Planning) is essential so that companies do not suffer tax assessments, when crossing the most diverse information generated in the most diverse processes and sent to the Treasury through the SPED Files and in the operations of Inputs and Outputs of Electronic Fiscal Notes (NF-e)

When the information related to the Sales processes is not generated correctly through the Commercial Area, they can generate information on aliquots and tax incidents in an incorrect way, which can lead to unnecessary taxation or undue credits in relation to the definition of aliquots of the most diverse taxes .

In relation to the operations of Invoices of Invoices referring to acquisitions in the local market, interstate or in the foreign market, they must have their taxation done correctly, as they may affect undue tax credits.

When a purchase is made for consumption and even then the company parameterizes the system to credit taxes, or worse, when there is no credit for the taxes to which they are entitled, thus generating a financial and tax loss for the organization.

Not least, the information on the processes of manufacturing and control of processes on the floor of Fabrica, as well as the management of stocks of Raw Material, Processed Products and Manufactured Products is of fundamental importance so that it can be presented to the tax information thus avoiding unnecessary penalties.

Of course, if we are talking about an Integrated Information System, and when we say integrated it is that there is only one and only one system generating all this information simultaneously, not requiring separate systems for the generation of information in what we call a transactional system, that is, all transactions are generated based on the same values.

Of course, for example, the price information of the order sent to the Supplier must be in accordance with the amount in the invoices received from said product and the values of the taxes and goods must be correct so that the system can make the payment or the receipt of the amounts correctly, as well as the collection of any taxes.

The Company's Financial Area should not pay or receive amounts that are not duly substantiated by documents processed in earlier stages, and this is easily detected in a primary cross-reference of information.

All information is directed to the Controllership Area, where the transactional information is synthesized and generating hundreds of information for the strategic decisions of the Organization.

Today, across a variety of devices, technologies must be prepared to deliver strategic information often in real time or as defined by their executives.

Overview of ERP PROCESS - Example : our ERP USCORP

CROSSING OF TAX INFORMATION - The Omission on Tax Deeds

Fri, 04 May 2018 12:19:00 +0000

As soon as the Internal Revenue Service has completed the process of standardization and digitization of information on the operations of Inputs and Outputs of Raw Materials and Products (NF-e), as well as Third Party Services Operations with NF- S (Taxes for Services), the tax authorities may at any time cross-check the information of who provides and who buys and validate if the operations are in accordance with the current laws of taxes and duties due.

Therefore, the Tax Information of the NF-e (Purchase and Sale of Products and Raw Materials) must be correctly reflected in SPED FISCAL ICMS (EFD-ICMS), as well as the Tax Information of NF-S (Services Provided and Services Taken ) related to ICMS and PIS / COFINS must be reflected in their respective SPED CONTRIBUTIONS (EFD-C).

The incorrect omission or calculation of the taxes involved in the above transactions (ICMS, IPI, PIS, COFINS and ISS) may affect the calculation of the Company's Income Tax and that will affect the ancillary Obligation (SPED ECF) to be presented to the end of the fiscal period.

Any omission of bookkeeping or divergences in these deeds are subject to notifications by the Treasury and unnecessary tax assessments before the treasury.

Some of our main taxes Main Stages of Taxes in Organizations

Some of the main accessory obligations

Example of some of the Exit operations processes

Examples of some Transactions involving the Purchases and Receipts Receipts Area

Examples of operations involving the Floor Manufacturing and Stocks

CROSSING FISCAL INFORMATION - The non-accounting of Input and / or Output Operations

Fri, 04 May 2018 12:14:00 +0000

In these cases, the Internal Revenue Service crosses information between the supplier and the buyer.

Let's say that vendor X sold a product to buyer Y, but this did not write the invoice. The buyer will be asked about this, after all how does he buy a product and not write the note? It is your obligation to show the acquisition of the merchandise in accessory obligations.

Worse still is if vendor X sells and does not write down the note because it is omitting revenue. In addition to failing to contribute to ICMS, PIS and COFINS, it will affect the calculation of your company's Income Tax.

Therefore, all notes issued or received must be written with the same values and data.

Any omission of bookkeeping or divergence in this process may lead to a notice requiring explanations and corrections, in addition to the risk of notice.

Process Examples for Exit Operations

Examples of processes related to the Purchasing and Receiving area of internal Suppliers

Example of operations involving the factory floor and inventories

Matrix of intersection of Tax information

CROSSING FISCAL INFORMATION - Negative impact

Fri, 04 May 2018 12:12:00 +0000

Imagine a situation where the company has accumulated tax credit, but can not consume this credit in their process.

It will be necessary to implement a project to recover this benefit where a request will be filed with the State or the Federal Revenue according to the methodology defined for each tax.

The Federal Revenue Service or the State has the discretion to inspect this company and if there is any divergence in the information, the requested credit may be glossed or the company be sued for irregularity in its bookkeeping.

Have you ever imagined the impact on your budget?

Therefore, this source of data and information is extremely important.

During the inspection, Federal Revenue or State will cross the different obligations that must be delivered by the taxpayer.

The ancillary obligations, even in different formats and layouts, should present the same values and results.

WHAT'S NEW IN VERSION 4.0 OF NF-e

Mon, 04 Dec 2017 18:00:00 +0000

In this Blog we can discuss the difficulties regarding NF-e 4.0